An increase in the level of structural unemployment will shift ...

[hbsimmons88]

An increase in the level of structural unemployment will shift the long-run Phillips curve.
 
  Indicate whether the statement is true or false

Question 2

Interest rates in the economy have risen. How will this affect aggregate demand and equilibrium in the short run?
 
  A) Aggregate demand will rise, the equilibrium price level will fall, and the equilibrium level of GDP will rise.
  B) Aggregate demand will rise, the equilibrium price level will rise, and the equilibrium level of GDP will rise.
  C) Aggregate demand will fall, the equilibrium price level will fall, and the equilibrium level of GDP will fall.
  D) Aggregate demand will fall, the equilibrium price level will rise, and the equilibrium level of GDP will fall.

[juwms]

Answer to Question 1

TRUE

Answer to Question 2

C

[hbsimmons88]

Correct answers!

[juwms]

Great! Please up vote