In the fooling model's AD/SAS/LAS diagram, short-run equilibria to the left of the LAS curve require the price level to be
A) above what workers expect.
B) above what firms expect.
C) below what workers expect.
D) below what firms expect.
C
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When the U.S. interest rate differential ________, the demand for dollars ________ and the demand curve for dollars shifts rightward
A) rises; does not change B) rises; decreases C) falls; increases D) rises; increases E) falls; decreases
Monopolistically competitive firms increasing their advertising will definitely achieve which of the following?
A) shift their average total cost curve up B) shift their demand curve to the right C) increase their economic profit D) shift their demand curve to the right and shift their average total cost curve up
A goldsmith has 100 gold coins in his safe and 100 receipts circulating. If he lends out 30 of his coins, what is his reserve ratio?
What will be an ideal response?
If a household's real taxes increase by one unit, then
a. real government transfers to the household decreae by one unit. b. the real return on capital services falls by one unit. c. real government transfers to the househould increase by one unit. d. real disposable income falls by one unit.