1. What is the slope of the Aggregate-Supply curve in the short run? In the long run?...

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1. What is the slope of the Aggregate-Supply curve in the short run? In the long run? What shifts the AS curve(s)?

2. How does the interest-rate effect help explain the slope of the aggregate-demand curve?

3. How can the central bank use monetary policy to shift the AD curve?

4. In what two ways does fiscal policy affect aggregate demand?

5. What are the arguments for and against using policy to try to stabilize the economy?

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Apr 27, 2024 03:52 AM

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1. What is the slope of the Aggregate-Supply curve in the short run? In the long run?...

Question:

Expert Answer:

ANSWER The slope of the Aggregate Supply AS curve in the short run is typically positive This means that as the price level increases the quantity of real GDP supplied by firms also increases reflecti... View the full answer

Microeconomics

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