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Author Question: Refer to the information provided in Figure 26.8 below to answer the question(s) that follow.Refer ... (Read 13 times)

Jipu 123

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on: Apr 19, 2019

Question 1

The long-run aggregate supply curve is vertical if


◦ wages and other costs fully adjust to changes in prices in the long-run.
◦ the government follows optimal fiscal policy.
◦ technology is fixed.
◦ the Fed follows optimal monetary policy.

Question 2

Refer to the information provided in Figure 26.8 below to answer the question(s) that follow.





Refer to Figure 26.8. Suppose the economy is currently at Point 
A producing potential output 
Y
0. If the government increases spending, the economy moves to Point ________ in the short-run and to Point ________ in the long-run.


◦ D; 
E
◦ B; 
C
◦ C; 
B
◦ B; 
D
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Jipu 123 on Apr 19, 2019

onowka

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Jipu 123

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Reply #2 on: Apr 19, 2019
Thank you!


onowka

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Reply #3 on: Apr 19, 2019
Always glad to help...


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