A permanent reduction in international trade barriers would
A) decrease long-run aggregate supply.
B) increase long-run aggregate supply.
C) decrease aggregate demand.
D) increase aggregate demand.
Correct Answer:
Verified
Q251: Q252: A short-lived increase in oil prices caused Q253: A reduction in nominal wages will cause Q254: A major hurricane causes production problems in Q255: Which of the following causes a rightward Q257: Refer to the above figure. Assume that Q258: Compare the effects of an increase in Q259: Suppose the economy in the diagram below Q260: Both the long-run and short-run aggregate supply Q261: A new discovery of large volumes of![]()
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