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Author Question: Which of the following is most likely to increase long-run aggregate supply in an economy? a. A ... (Read 14 times)

vinney12

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on: Jun 30, 2018
Which of the following is most likely to increase long-run aggregate supply in an economy?
 a. A decrease in the size of the labor force
 b. A deterioration in the quality of the labor force
  c. A reduction in the cost of using computers
 d. An increase in the price level
 e. An increase in aggregate demand

Question 2

Which of the following is true of the equation of exchange?
 a. It states that the product of the price level and velocity of money is equal to real GDP.
  b. It states that aggregate demand in an economy is equal to total investment spending.
  c. It states that money supply times velocity of money equals real GDP.
 d. It states that velocity of money is equal to the ratio of nominal GDP and money supply.
  e. It changes to the quantity theory of money if the price level is assumed to be constant.


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olivia_paige29

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

c

Answer to Question 2

d


vinney12

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Reply #2 on: Jun 30, 2018
Correct answers!


olivia_paige29

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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