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Author Question: A recessionary real shock is associated with an outward shift of the short-run Phillips curve and ... (Read 106 times)

segrsyd

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A recessionary real shock is associated with an outward shift of the short-run Phillips curve and with a leftward shift of the short-run aggregate supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a small change in price will lead to an infinite change in the quantity demanded, then the demand curve is:
 a. Perfectly elastic.
 b. Perfectly inelastic.
 c. Downward sloping.
  d. non-linear



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ju

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Answer to Question 1

True

Answer to Question 2

a




segrsyd

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Reply 2 on: Jun 30, 2018
Gracias!


rleezy04

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Reply 3 on: Yesterday
Excellent

 

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