« previous next »

Author Question: When aggregate demand increases, there is a movement ________ along the AS curve and ________. A) ... (Read 58 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
When aggregate demand increases, there is a movement ________ along the AS curve and ________.
 
  A) up; an upward shift of the short-run Phillips curve
  B) down; a movement down along the short-run Phillips curve
  C) up; a movement up along the short-run Phillips curve
  D) up; a movement down along the short-run Phillips curve
  E) down; a downward shift of the short-run Phillips curve

Question 2

According to Okun's Law, if the natural unemployment rate is 5 percent, the actual unemployment rate is 4 percent, and potential GDP is 15 trillion, then actual real GDP is
 
  A) 14.7 trillion. B) 15.4 trillion. C) 15.0 trillion. D) 12.0 trillion. E) 15.3 trillion.


tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Molecular Movement Molecular Movement
How does slime mold use pulsating movement to search for foods? How does slime mold use pulsating movement to search for foods?
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library