Author Question: A decrease in the price level accompanied by no change in the money wage rate leads to ________ ... (Read 138 times)

cartlidgeashley · **on:** Jun 29, 2018

A decrease in the price level accompanied by no change in the money wage rate leads to ________ movement along the ________ aggregate supply curve.

A) a downward; short-run
B) an upward; short-run
C) a downward; long-run
D) an upward; long-run

Question 2

Consider the market for dollars. The higher the exchange rate, the ________ is the expected profit from holding foreign currency and the greater is the ________.

A) larger; quantity of dollars supplied
B) larger; leftward shift in the demand curve for dollars
C) smaller; quantity of dollars supplied
D) smaller; leftward shift in the demand curve for dollars