Imagine the economy is in long-run equilibrium.If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers,then we would expect that in the short run,
A) real GDP will rise and the price level might rise, fall, or stay the same.
B) real GDP will fall and the price level might rise, fall, or stay the same.
C) the price level will rise, and real GDP might rise, fall, or stay the same.
D) the price level will fall, and real GDP might rise, fall, or stay the same.
Correct Answer:
Verified
Q46: Which of the following is a lesson
Q101: Changes in the price of oil
A)can only
Q115: The recessions of the 1970s are often
Q117: In 1986,OPEC countries increased their production of
Q239: Which of the following will cause stagflation?
A)an
Q242: Suppose the economy is in long-run equilibrium.Senator
Q243: Suppose the economy is in long-run equilibrium.If
Q247: Suppose the economy is in long-run equilibrium.In
Q393: Suppose the economy is in long-run equilibrium.
Q394: In the mid-1970s the price of oil
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents