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Author Question: In the horizontal segment of the aggregate supply curve, when GDP: a. increases, the price level ... (Read 38 times)

jc611

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on: Jun 30, 2018
In the horizontal segment of the aggregate supply curve, when GDP:
 a. increases, the price level rises.
  b. decreases, the price level falls.
  c. increases, the price level does not change.
  d. increases, the price level falls.
  e. increases, the price level first rises and then falls.

Question 2

Assume the economy is operating at a real GDP above full-employment real GDP. Keynesian economists would prescribe which of the following policies?
 a. Nonintervention
  b. Fixed rule
 c. Contractionary
 d. Expansionary


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peilian

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

c

Answer to Question 2

c


jc611

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Excellent

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