Author Question: The long-run aggregate supply curve shifts right at the same time as A) the Laffer curve shifts ... (Read 137 times)

michelleunicorn · **on:** Jun 30, 2018

The long-run aggregate supply curve shifts right at the same time as

A) the Laffer curve shifts upward.
B) the production possibilities curve shifts inward.
C) the production possibilities curve shifts outward.
D) the inflation rate increases.

Question 2

Which of the following is NOT a simplifying assumption in the simple Keynesian model?

A) There is no foreign trade.
B) Net investment and gross investment are equal.
C) All profits are distributed to the business owners.
D) Real disposable income equals government purchases of goods and services.