An important merit of the AD-AS model,compared to the basic Keynesian model,is that it can explain how different types of economic shocks can simultaneously alter both the level of ___________ and also the ___________.
A) output;inflation rate
B) output;general price level
C) output;unemployment rate
D) output;exchange rate
E) output;interest rate
Correct Answer:
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Q99: The AD-AS model in the diagram below
Q100: According to the AD-AS model,the short-run impact
Q101: Consider an economy initially at long-run equilibrium
Q102: An important limitation of the AD-AS model
Q103: The negative slope of the short-run Phillips
Q105: If the SRAS curve is positively sloped,then
Q106: If the SRAS curve is positively sloped,then
Q107: A central idea behind the AD-AS model
Q108: An SRAS curve would be _ if
Q109: The AD-AS model predicts that a positive
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