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Author Question: Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ... (Read 70 times)

a0266361136

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on: Jun 30, 2018
Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
 a. both the price level and real GDP.
  b. only real GDP.
  c. only the price level.
  d. real GDP and reduce the price level.

Question 2

If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment.
 a. True
  b. False
  Indicate whether the statement is true or false


hramirez205

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

c

Answer to Question 2

False


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a0266361136

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Reply #2 on: Jun 30, 2018
Thank you :)


hramirez205

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Reply #3 on: Jun 30, 2018
Happy to help you


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