Author Question: Shocks to long-run aggregate supply can be a source of business fluctuations ________. A) only in ... (Read 45 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
Shocks to long-run aggregate supply can be a source of business fluctuations ________.
 
  A) only in real business cycle models
  B) only in new Keynesian models
  C) in both real business cycle and new Keynesian models
  D) only if the money supply rises

Question 2

In the new Keynesian model, an ________ increase in productivity will impact ________.
 
  A) unanticipated; both aggregate demand and aggregate supply
  B) anticipated; both aggregate demand and aggregate supply
  C) anticipated; aggregate demand, but not aggregate supply
  D) unanticipated; aggregate demand, but not aggregate supply



debra928

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library