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Author Question: Which of the following statements regarding aggregate supply are CORRECT? A) Moving along the ... (Read 54 times)

penza

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on: Jun 29, 2018
Which of the following statements regarding aggregate supply are CORRECT?
 
  A) Moving along the long-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
  B) Moving along the short-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
  C) Moving along the long-run aggregate supply curve, the money wage rate changes but the price level is constant.
  D) Moving along the short-run aggregate supply curve, the money wage rate changes but the price level is constant.

Question 2

In the figure above, if the exchange rate is equal to 2 Canadian dollars per U.S. dollar, there is a ________ of ________currency and the exchange rate will________.
 
  A) surplus; domestic; fall
  B) surplus; foreign; fall
  C) surplus; domestic; rise
  D) shortage; domestic; fall


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vickyvicksss

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

A

Answer to Question 2

A


penza

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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