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Author Question: If wages adjust fully to price increases in the long run, fiscal policy will (Read 64 times)

Charlie

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.








Refer to Figure 27.2. Planned investment would experience the least amount of crowding out when the aggregate demand curve shifts from


◦ AD
1 to 
AD
2.
◦ AD
3 to 
AD
4.
◦ AD
5 to 
AD
6.
◦ The amount of crowding out is the same for all 
AD curve shifts shown in the figure.

Question 2

If wages adjust fully to price increases in the long run, fiscal policy will


◦ have no affect on the price level.
◦ have no affect on output.
◦ have no affect on either output or the price level.
◦ affect both output and the price level.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Charlie on Apr 19, 2019

asdfasdf

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Charlie

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Reply #2 on: Apr 19, 2019
Excellent


asdfasdf

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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