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Author Question: An implication of the long-run aggregate supply curve is that continuous increases in the money ... (Read 59 times)

vicky

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on: Jun 30, 2018
An implication of the long-run aggregate supply curve is that continuous increases in the money supply will result in continuous
 
  A) increases in price level. B) increases in output and price level.
  C) decreases in output and price level. D) decreases in output.

Question 2

Suppose that in 2011, 4 million plasma TVs were purchased at 950 each, while in 2012, 3 million plasma TVs were purchased at 800 each. What might have caused this change?
 
  A) The price of LCD TVs (a substitute for plasma TVs) fell.
  B) The price of LCD TVs (a substitute for plasma TVs) rose.
  C) Plasma TV manufacturing technology decreased.
  D) Plasma TV manufacturing technology increased.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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ricroger

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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