Suppose the economy currently has an inflationary ga

A) decrease aggregate demand, decrease prices, and decrease real GDP.
B) increase short-run aggregate supply, decrease prices and increase real GDP.
C) increase short-run aggregate supply, decrease in prices and decrease in real GDP.
D) decrease aggregate demand, decrease prices, and increase real GDP.


A

Economics

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Indicate whether the statement is true or false

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Which of the following would shift the supply curve for MP3 players to the left?

A) an increase in the price of an input used to produce MP3 players B) a decrease in consumer tastes for MP3 players C) an increase in the productivity of the workers who produce MP3 players D) an increase in the number of firms that produce MP3 players

Economics

According to the following information, what is the unemployment rate? Number of Employed: 800 Number of Unemployed: 200 Not in the Labor Force: 50

a. 6% b. 19% c. 20% d. 28%

Economics

Figure 9-15 depicts the cost curves for a perfectly competitive firm. This firm’s short run supply curve is the section of the MC curve between points


a. A and D.
b. B and D.
c. C and D.
d. B and C.

Economics