Question: please help D Question 5 1 pts Consider a situation in which a country receives a severe supply shock from higher energy prices that induces
please help

D Question 5 1 pts Consider a situation in which a country receives a severe supply shock from higher energy prices that induces stagflation. In the AS-AD model employed in lectures this stagflation will in the short run be characterized by O a higher unemployment rate, lower real wage and higher interest rate a lower natural level of income, higher real wage and lower interest rate O a lower level of income, lower money wage and higher real wage O a lower unemployment rate, higher money wage and higher interest rate Question 6 1 pts According to Okun's Law an increase in population growth will tend to O' increase the 'normal' (or 'benchmark") growth rate of output lower the 'normal' (or 'benchmark') growth rate of output O lower the growth rate of labour supply O increase the actual growth rate of output
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
