Which curve is easiest to shift with government policy?
A) the short-run aggregate supply curve
B) the long-run aggregate supply curve
C) the aggregate demand curve
D) the short-run and long-run aggregate supply curves are both easy to shift
Correct Answer:
Verified
Q205: If the short-run macroeconomic equilibrium is to
Q206: In the long run, inflationary and recessionary
Q207: Suppose that an economy is in an
Q208: A recessionary gap occurs when:
A) potential output
Q209: An inflationary gap gradually:
A) increases short-run aggregate
Q211: In the long run, the economy is:
A)
Q212: Suppose the economy is in a short-run
Q213: As a recessionary gap self-corrects, the equilibrium
Q214: If there is an inflationary gap, nominal
Q215: In the long run, the economy is:
A)
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