|
Title: If aggregate demand increases and expectations regarding inflation remain constant Post by: baileymeredith on Apr 28, 2019 Question 1. Changes in the price level don't affect the unemployment rate if ▸ the economy is operating below capacity. ▸ the economy is operating at capacity. ▸ the aggregate supply curve is flat. ▸ the aggregate demand curve is steep. Question 2. If aggregate demand increases and expectations regarding inflation remain constant ▸ the economy moves along the short-run Phillips curve. ▸ the short-run Phillips curve shifts to the right. ▸ the short-run Phillips curve shifts to the left. ▸ the long-run Phillips curve shifts to the right. Title: If aggregate demand increases and expectations regarding inflation remain constant Post by: blazeypooh on Apr 28, 2019 Content hidden
|