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Author Question: Refer to Figure 23-1. If the economy is in equilibrium, it is at a level of aggregate expenditure ... (Read 123 times)

ss2343

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on: Jun 29, 2018
Refer to Figure 23-1. If the economy is in equilibrium, it is at a level of aggregate expenditure given by point
 
  A) J. B) K.
  C) L. D) Points J, K and L all represent equilibrium.

Question 2

If expected inflation falls, the long-run Phillips curve will
 
  A) shift to the left. B) shift to the right.
  C) become negatively sloped. D) not be affected.


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Sarahjh

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

B

Answer to Question 2

D


ss2343

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mcarey591

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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