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Author Question: Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply ... (Read 148 times)

09madisonrousseau09

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on: Jun 30, 2018
Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply is 95 billion. We can conclude that
 
  A) the price level will fall and input prices will rise until real GDP pulls long-run aggregate supply up to 100 billion.
  B) aggregate demand will increase until both short-run and long-run aggregate supply equal 100 billion.
  C) the price level will fall until long-run aggregate supply shifts to 100 billion.
  D) input prices will rise until real GDP is 95 billion.

Question 2

If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________.
 
  A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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missalyssa26

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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09madisonrousseau09

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Reply #2 on: Jun 30, 2018
Thank you :)


missalyssa26

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Reply #3 on: Jun 30, 2018
Happy to help you


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