Author Question: Stagflation occurs when short-run aggregate supply decreases. Indicate whether the statement is ... (Read 64 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
Stagflation occurs when short-run aggregate supply decreases.
 
  Indicate whether the statement is true or false

Question 2

According to real business cycle models
 
  A) the economy is normally operating below the natural rate of unemployment.
  B) unexpected changes in monetary policy are the major source of fluctuations in real GDP.
  C) the economy is normally at potential GDP.
  D) the long-run Phillips curve is negatively sloped.



Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

TRUE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library