In the long run, AS is vertical.

a. true
b. false


Ans: a. true

Economics

You might also like to view...

Ann Marie is a Tea-Party Republican, but she decides to vote in the Democratic primary in order to vote against the most liberal candidate. This is an example of strategic voting

Indicate whether the statement is true or false

Economics

Production indifference curves show the combination of inputs that produce a given output.

Answer the following statement true (T) or false (F)

Economics

If the economy is experiencing inflation, then the most appropriate government policy would be to:

a. shift the aggregate demand curve by using a tax increase coupled with spending cuts. b. shift the aggregate demand curve by using a tax increase coupled with more spending. c. shift the aggregate demand curve by using a tax cut coupled with spending cuts. d. shift the aggregate demand curve by using a tax cut coupled with more spending. e. shift the aggregate supply curve by using a tax cut coupled with spending cuts.

Economics

Contractionary monetary policy _____ consumption and _____ investment spending.

a) increases; increases b) decreases; increases c) increases; decreases d) decreases; decreases

Economics