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Author Question: The long run is the period of time during which: a. real wage is exactly equal to nominal wage. b. ... (Read 75 times)

abc

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on: Jun 30, 2018
The long run is the period of time during which:
 a. real wage is exactly equal to nominal wage.
  b. inflation is zero.
 c. excess aggregate demand leads to a shortage.
  d. real wages are constant.
 e. all resource prices can be varied.

Question 2

In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n):
 a. increase in both the price level and real GDP.
 b. decrease in both the price level and real GDP.
 c. increase in real GDP and a decrease in the price level.
  d. decrease in real GDP and an increase in the price level.
  e. increase in the price level only.


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Brenm

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

e

Answer to Question 2

a


abc

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

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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