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Author Question: Which of the following does not influence the position of the long-run aggregate supply curve? a. ... (Read 31 times)

go.lag

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on: Jun 30, 2018
Which of the following does not influence the position of the long-run aggregate supply curve?
 a. The quantity of raw materials available for production
  b. The quantity of capital used in production
 c. The quality of the labor force
 d. The actual price level
 e. The size of the labor force

Question 2

Given an upward sloping aggregate supply curve, which of the following changes in the aggregate demand curve is observed when the Fed reduces the money supply?
 a. The aggregate demand curve shifts leftward, lowering real GDP and the price level.
 b. The aggregate demand curve shifts leftward, raising real GDP and the price level.
 c. The aggregate demand curve shifts leftward, lowering real GDP but raising the price level.
  d. The aggregate demand curve shifts rightward, raising real GDP and the price level.
 e. The aggregate demand curve shifts rightward, lowering real GDP but raising the price level.


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TheNamesImani

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

d

Answer to Question 2

a


go.lag

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Reply 2 on: Jun 30, 2018
Wow, this really help

epscape

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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