Author Question: Moving upward along the aggregate supply curve is equivalent to A) moving downward along the ... (Read 47 times)

Starlight · **on:** Jun 29, 2018

Moving upward along the aggregate supply curve is equivalent to

A) moving downward along the short-run Phillips curve.
B) shifting the short-run Phillips curve leftward.
C) shifting the short-run Phillips curve upward.
D) moving upward along the short-run Phillips curve.
E) shifting the short-run Phillips curve rightward.

Question 2

At the current interest rate, the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded. Therefore

A) equilibrium will not be achieved until something shifts the supply of loanable funds curve rightward.
B) the real interest rate is above the equilibrium level.
C) the real interest rate is below the equilibrium level.
D) equilibrium will not be achieved until something shifts the supply of loanable funds curve leftward.
E) equilibrium will not be achieved until something shifts the demand for loanable funds curve rightward.