A short run equilibrium: a. Will be at a greater output level ...

[lracut11]

A short run equilibrium:
 a. Will be at a greater output level than the natural level of real output.
  b. Will be at the natural level of real output.
 c. Will be at a smaller output level than the natural level of real output.
  d. Short-run equilibrium could be at any of the above levels of output.

Question 2

Suppose the Congress enacts a 5 percent decrease in annual military expenditures. Other things equal, this can be associated with:
 a. a change in the slope of the aggregate demand curve.
  b. a leftward shift of the aggregate demand curve.
  c. a rightward shift of the aggregate demand curve.
  d. a movement down along the aggregate demand curve.
  e. a movement up along the aggregate demand curve.

[ky860224]

Answer to Question 1

d

Answer to Question 2

b

[lracut11]

Thanks for the timely response, appreciate it

[frankwu0507]

TYSM