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Title: Which of the following is a true statement about the model of a self-correcting economy? Post by: Retnec on May 25, 2017 Which of the following is a true statement about the model of a self-correcting economy?
A) If the economy starts in long run equilibrium at $5 trillion, an increase in aggregate demand will ultimately result in an equilibrium output of $5 trillion and a higher price level. B) If the economy starts in a long-run equilibrium at $5 trillion, a reduction in aggregate demand will ultimately result in an equilibrium output of $5 trillion and a lower price level. C) Because increases or decreases in aggregate demand change only prices in the long run, the long-run aggregate supply curve is a vertical straight line. D) All of the above Title: Re: Which of the following is a true statement about the model of a self-correcting economy? Post by: hecosmetic on May 25, 2017 Content hidden
Title: Re: Which of the following is a true statement about the model of a self-correcting economy? Post by: Retnec on Jul 5, 2017 My exam's next week!
Perfect timing |