Neither positive nor negative supply shocks
A) Change AD.
B) Permanently change real output in an economy.
C) Change the price level in the long run.
D) Do any of the above
Correct Answer:
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Q162: The SRAS curve is _ with real
Q163: When there is an inflationary gap:
A)Unemployment exceeds
Q164: Demand-pull inflation is caused by:
A)an increase in
Q165: A long run equilibrium:
A)Will be at a
Q166: A short run equilibrium:
A)Will be at a
Q168: If the profit effect and misperception effect
Q169: If, due to rising demand, the price
Q170: Which of the following would lead to
Q171: If there was no profit effect or
Q172: Which of the following is true when
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