Homework Clinic

Social Science Clinic => Economics => Topic started by: fbq8i on Apr 19, 2019

Title: If aggregate demand decreases while aggregate supply is stable, income will ________ and the ...
Post by: fbq8i on Apr 19, 2019

Question 1

If the aggregate supply is ________, an increase in the price level does not change the unemployment rate.

◦ horizontal
◦ vertical
◦ positively sloped
◦ negatively sloped

Question 2

If aggregate demand decreases while aggregate supply is stable, income will ________ and the unemployment rate will ________.

◦ increase; increase
◦ increase; decrease
◦ decrease; increase
◦ decrease; decrease

Title: If aggregate demand decreases while aggregate supply is stable, income will ________ and the ...
Post by: juliaf on Apr 19, 2019

Answer 1

vertical

Answer 2

decrease; increase

Title: If aggregate demand decreases while aggregate supply is stable, income will ________ and the ...
Post by: fbq8i on Apr 19, 2019

Thank you!

Title: If aggregate demand decreases while aggregate supply is stable, income will ________ and the ...
Post by: juliaf on Apr 19, 2019

Always glad to help...

Title: Re: If aggregate demand decreases while aggregate supply is stable, income will ________ and the ...
Post by: youngmoe on Nov 17, 2019

Thank You