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Author Question: According to the above figure, what will the price level be in the new long-run equilibrium? A) ... (Read 21 times)

beccaep

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on: Jun 30, 2018
According to the above figure, what will the price level be in the new long-run equilibrium?
 
  A) Less than 100 B) 115 C) 100 D) 110

Question 2

If the Fed promises to conduct a(n) ________ for several years, inflation expectation will be ________.
 
  A) contractionary fiscal policy; high B) expansionary monetary policy; high
  C) contractionary monetary policy; high D) expansionary fiscal policy; low


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joshraies

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

B

Answer to Question 2

B


beccaep

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Sarahjh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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