An increase in the expected price level shifts the
a. short-run and long-run aggregate supply curves left.
b. the short-run but not the long-run aggregate supply curve left.
c. the long-run but not the short-run aggregate supply curve left.
d. neither the long-run nor the short-run aggregate supply curve left.
b
You might also like to view...
The present value of receiving $200 one year from now when the prevailing rate of interest is 8 percent is
a. $192 b. $185.19 c. $200 d. $208 e. $160
The term "utility" describes the level of satisfaction or pleasure that people receive from their choices
a. True b. False Indicate whether the statement is true or false
In the short run, an increase in the money supply is likely to lead to ______ inflation and ______ unemployment
Fill in the blank(s) with correct word
If national saving in a closed economy is greater than zero, which of the following must be true?
a. Either public saving or private saving must be greater than zero. b. Investment is positive. c. d. All of the above are correct.