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In the Above Figure,if We Start at and

Question 208

Multiple Choice

In the above figure,if we start at In the above figure,if we start at and ,and the money supply increases unexpectedly,what causes the economy to get to the long-run equilibrium? A) People's expectations will revise after a short-run gain in output,wages will fall,and SRAS will shift leftward. B) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift rightward. C) People's expectations will revise after a short-run loss in output,wages will fall,and SRAS will shift leftward. D) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift leftward. and In the above figure,if we start at and ,and the money supply increases unexpectedly,what causes the economy to get to the long-run equilibrium? A) People's expectations will revise after a short-run gain in output,wages will fall,and SRAS will shift leftward. B) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift rightward. C) People's expectations will revise after a short-run loss in output,wages will fall,and SRAS will shift leftward. D) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift leftward. ,and the money supply increases unexpectedly,what causes the economy to get to the long-run equilibrium?


A) People's expectations will revise after a short-run gain in output,wages will fall,and SRAS will shift leftward.
B) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift rightward.
C) People's expectations will revise after a short-run loss in output,wages will fall,and SRAS will shift leftward.
D) People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift leftward.

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