If the SRAS curve is positively sloped,then a decrease in the demand for Canadian-made goods in Europe will lead to ___________ in the price level,in the short run.
A) an increase
B) a decrease
C) no change
D) either an increase or a decrease
E) an initial increase,and then a decrease
Correct Answer:
Verified
Q101: Consider an economy initially at long-run equilibrium
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
Q104: An important merit of the AD-AS model,compared
Q105: 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
Q111: The short-run Phillips curve is
A) horizontal.
B) vertical.
C)
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