Author Question: The exact change in equilibrium output due to a shift in short-run aggregate demand depends on: a. ... (Read 133 times)

londonang · **on:** Jun 30, 2018

The exact change in equilibrium output due to a shift in short-run aggregate demand depends on:
a. the amount of tax imposed
b. the steepness of the aggregate supply curve.
c. the steepness of the aggregate demand curve
d. the gap between the supply curve and the demand curve.
e. the consumption pattern in the economy.

Question 2

Net exports equals _____.
a. the value of exports minus the value of imports
b. the value of imports minus the value of exports
c. the value of imports minus tariffs
d. the value of exports minus tariffs
e. the value of exports plus the value of imports minus depreciation