Which of the following is considered a negative supply shock? increasing investment in the economy causes the
Fantastic news! We've Found the answer you've been seeking!
Question:
- Which of the following is considered a negative supply shock?
- increasing investment in the economy causes the capital stockto rise
- an unexpected increase in the price of natural gas
- a decline in wages
- an improvement in technology
- Stagflation occurs when inflation ________ and GDP ________.
- rises; rises
- rises; falls
- falls; rises
- falls; falls
- Which of the following can be said about economic growth?
- Economic growth is the result of increases in long-runaggregate supply.
- Economic growth is the result of increases in aggregate demand.
- I only
- II only
- I and II
- neither I or II
- In the above figure, as the economy adjusts toward equilibrium,the:
- AD curve will shift rightward.
- SAS curve will shift rightward.
- AD curve will shift leftward.
- SAS curve will shift leftward.
- In the above figure, when the economy is in a long-runequilibrium, the price level will be _________ and real GDP will be_________.
- 90; $16.0 trillion.
- 100; $16.5 trillion.
- 110; $16.5 trillion.
- 120; $16.0 trillion.
Related Book For
Posted Date: