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Author Question: A recessionary real shock is associated with an outward shift of the short-run Phillips curve and ... (Read 133 times)

segrsyd

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  • Posts: 530
on: Jun 30, 2018
A recessionary real shock is associated with an outward shift of the short-run Phillips curve and with a leftward shift of the short-run aggregate supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a small change in price will lead to an infinite change in the quantity demanded, then the demand curve is:
 a. Perfectly elastic.
 b. Perfectly inelastic.
 c. Downward sloping.
  d. non-linear


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ju

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

True

Answer to Question 2

a


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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