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Author Question: When the production possibilities curve shifts outward, A) the price level rises in the long run. ... (Read 120 times)

daltonest1984

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on: Jun 30, 2018
When the production possibilities curve shifts outward,
 
  A) the price level rises in the long run.
  B) the long-run aggregate supply curve is unchanged.
  C) the long-run aggregate supply curve shifts to the left.
  D) the long-run aggregate supply curve shifts to the right.

Question 2

The values on the axes of the long-run aggregate supply diagram are
 
  A) real GDP and interest rates. B) real GDP per year and the price level.
  C) nominal GDP and the price level. D) real GDP and nominal GDP.


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jennafosdick

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

D

Answer to Question 2

B


daltonest1984

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Reply #2 on: Jun 30, 2018
Correct answers!


jennafosdick

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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