Event: Climate change reduces the amount of land available for farming (Long Run). Question: What is the
Question:
Event: Climate change reduces the amount of land available for farming (Long Run).
-
Question: What is the change in aggregate demand?
a. Increase
b. Decrease
c. No change
d. Indeterminate
QUESTION 7
-
Event: Climate change reduces the amount of land available for farming (Long Run).
Question: What is the change in short run aggregate supply (SRAS)?
a. Increase
b. Decrease
c. No change
d. Indeterminate
QUESTION 8
-
Event: Climate change reduces the amount of land available for farming (Long Run).
Question: What is the change in long run aggregate supply (LRAS)?
a. Increase
b. Decrease
c. No change
d. Indeterminate
QUESTION 9
-
Event: Climate change reduces the amount of land available for farming (Long Run).
Question: What is the change in equilibrium price level?
a. Increase
b. Decrease
c. No change
d. Indeterminate
QUESTION 10
-
Event: Climate change reduces the amount of land available for farming (Long Run).
Question: What is the change in equilibrium real gross domestic product?
a. Increase
b. Decrease
c. No change
d. Indeterminate
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba