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Author Question: When a supply shock is permanent A) both the long-run and short-run aggregate supply curves shift ... (Read 97 times)

saliriagwu

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on: Jun 30, 2018
When a supply shock is permanent
 
  A) both the long-run and short-run aggregate supply curves shift leftward.
  B) there are no shifts in either the long-run or short-run aggregate supply curve.
  C) only the long-run aggregate supply curve shifts leftward.
  D) only the short-run aggregate supply curve shifts leftward.

Question 2

If the MPS is one-third, a 100 increase in net exports will
 
  A) reduce real Gross Domestic Product (GDP) by 300.
  B) reduce real Gross Domestic Product (GDP) by 100.
  C) increase real Gross Domestic Product (GDP) by 300.
  D) increase real Gross Domestic Product (GDP) by 33.


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Briannahope

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

A

Answer to Question 2

C


saliriagwu

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

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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