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Author Question: Which of the following supply shocks would shift the aggregate supply curve inward? a. A decrease ... (Read 43 times)

CBme

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on: Jun 30, 2018
Which of the following supply shocks would shift the aggregate supply curve inward?
 a. A decrease in business taxes
 b. A decrease in gasoline taxes
 c. A decrease in the cost of raw materials
 d. A decrease in agricultural output
 e. A decrease in the amount and cost of government regulation

Question 2

In an economy in which velocity is constant and real output grows at an average rate of 4 percent per year, a 4 percent average rate of growth in the money supply would result in:
 a. a constant price level.
 b. a slowly increasing price level.
  c. a rapidly increasing price level.
  d. constant real GDP.
 e. constant nominal GDP.


ttt030911

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

d

Answer to Question 2

a


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CBme

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Reply #2 on: Jun 30, 2018
Thank you


ttt030911

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Reply #3 on: Jun 30, 2018
No problemo


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