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Author Question: Why does the short-run aggregate supply curve shift to the left in the long run, following an ... (Read 195 times)

jc611

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on: Jun 29, 2018
Why does the short-run aggregate supply curve shift to the left in the long run, following an increase in aggregate demand?
 
  A) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices.
  B) Workers and firms adjust their expectations of wages and prices upward and they accept lower wages and prices.
  C) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices.
  D) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices.

Question 2

Disposable personal income is equal to personal income minus personal tax payments.
 
  Indicate whether the statement is true or false


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Sierray

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


jc611

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Reply #2 on: Jun 29, 2018
Thank you :)


Sierray

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Reply #3 on: Jun 29, 2018
Happy to help you


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