In constructing the short-run aggregate supply curve, we define ...

[ssal]

In constructing the short-run aggregate supply curve, we define the short run as the period in which:
 a. the price level is constant.
 b. output is fixed.
 c. profit is constant.
 d. the costs of some resources are fixed.
 e. the economic growth rate is less than 4 percent.

Question 2

A movement upward and to the left along the money demand curve is caused by:
 a. an increase in the interest rate.
 b. a decrease in the interest rate.
 c. a decrease in real GDP.
 d. an increase in real GDP.
 e. an increase in the average price level.

[meltdown117]

Answer to Question 1

d

Answer to Question 2

a

[ssal]

Thank you

[meltdown117]

No problemo