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Author Question: A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): ... (Read 254 times)

charchew

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on: Jun 30, 2018
A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n):
 a. increase in long-run aggregate supply.
  b. increase in short-run aggregate supply.
  c. decrease in the aggregate demand.
  d. simultaneous outward shift of the aggregate demand and supply curves.
  e. decrease in the short-run aggregate supply.

Question 2

An economic study concludes that an investment tax credit would increase business investment next year. This is an example of:
 a. normative analysis.
 b. positive analysis.
 c. negative economic analysis.
  d. the fallacy of composition.


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kjo;oj

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

e

Answer to Question 2

b


charchew

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

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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