In the AD-AS model,what happens to the economy in the short run when consumer spending decreases?
A) Inflation is higher,and the real growth rate is higher.
B) Inflation is higher,and the real growth rate is lower.
C) Inflation is lower,and the real growth rate is higher.
D) Inflation is lower,and the real growth rate is lower.
Correct Answer:
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Q96: In the AD-AS model,money is not neutral
Q97: Prices are especially sticky in the:
A) upward
Q98: From an initial equilibrium in the AD-AS
Q99: A negative real shock causes:
A) a lower
Q100: The lowering of the growth rate of
Q102: Nominal wage confusion occurs when:
A) workers respond
Q103: An increase in expected inflation will cause
Q104: An increase in expected inflation will cause
Q105: The costs of changing prices are called:
A)
Q106: The short-run aggregate supply curve shows the
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