Author Question: The long-run aggregate supply curve illustrates the A) relationship of the price level and real ... (Read 113 times)

kshipps · **on:** Jun 29, 2018

The long-run aggregate supply curve illustrates the

A) relationship of the price level and real GDP when the economy is at full employment.
B) relationship of the price level and real GDP when the economy is at zero unemployment.
C) amount of products producers offer at various prices when money wages and other resource prices are fixed.
D) surpluses, shortages and equilibrium level of GDP.

Question 2

A decrease in the real interest rate leads to a ________ the demand for loanable funds curve, and a decrease in the expected profit leads to a ________ the demand for loanable funds curve.

A) rightward shift in; leftward shift in
B) movement down along; movement up along
C) rightward shift in; movement up along
D) movement down along; leftward shift in