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Author Question: If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we ... (Read 142 times)

tatyanajohnson

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on: Jun 30, 2018
If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we can conclude that
 
  A) demand decreased. B) supply increased.
  C) demand increased. D) supply decreased.

Question 2

The longer is the interval between firms' price adjustments
 
  A) the smaller the output effect of a given change in the money supply.
  B) the longer the interval that the horizontal new Keynesian aggregate supply curve will remain in position.
  C) the new Keynesian aggregate supply curve will become steeper.
  D) the shorter the interval the horizontal new Keynesian aggregate supply curve will remain in position.


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irishcancer18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


tatyanajohnson

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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Reply 3 on: Yesterday
Excellent

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