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Author Question: In a binding situation, a positive cost shock will cause ________ in output and ________ in the price level. (Read 175 times)

krzymel

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on: Apr 19, 2019

Question 1

With a cost shock, a large decrease in output relative to the increase in the price level would occur if the ________ curve is relatively ________.


◦ AS; flat
◦ AS; steep
◦ AD; flat
◦ AD; steep

Question 2

In a binding situation, a positive cost shock will cause ________ in output and ________ in the price level.


◦ no change; no change
◦ a decrease; an increase
◦ no change; an increase
◦ a decrease; no change
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by krzymel on Apr 19, 2019

reelove4eva

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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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krzymel

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

xiazhe

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

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