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Author Question: An increase in the level of structural unemployment will shift the long-run Phillips curve. ... (Read 90 times)

hbsimmons88

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on: Jun 29, 2018
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.


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juwms

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

TRUE

Answer to Question 2

C


hbsimmons88

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Reply #2 on: Jun 29, 2018
Correct answers!


juwms

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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