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Author Question: Which of the following will result in secular deflation? A) a one-time rightward shift of the ... (Read 46 times)

Themember4

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on: Jun 30, 2018
Which of the following will result in secular deflation?
 
  A) a one-time rightward shift of the long-run aggregate supply curve
  B) continuous rightward shifts of the aggregate demand curve
  C) continuous rightward shifts of the long-run aggregate supply curve
  D) a one-time rightward shift of the aggregate demand curve

Question 2

The Keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are
 
  A) flexible prices. B) real prices.
  C) upward sloping prices. D) sticky prices.


Missbam101

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

C

Answer to Question 2

D


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