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Author Question: A revaluation causes which of the following to occur in the short run in the AS/AD model? A) a ... (Read 33 times)

P68T

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on: Jun 30, 2018
A revaluation causes which of the following to occur in the short run in the AS/AD model?
 
  A) a reduction in net exports
  B) a reduction in the price level
  C) a reduction in output
  D) all of the above
  E) none of the above

Question 2

When steady state capital per worker is above the golden-rule level, we know with certainty that an increase in the saving rate will
 
  A) increase consumption in both the short run and the long run.
  B) decrease consumption in both the short run and the long run.
  C) decrease consumption in the short run, and increase it in the long run.
  D) increase consumption in the short run, and decrease it in the long run.
  E) none of the above


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carlsona147

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

D

Answer to Question 2

B


P68T

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Reply #2 on: Jun 30, 2018
Thank you :)


carlsona147

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Reply #3 on: Jun 30, 2018
Happy to help you


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