29) Suppose that from 2017 to 2018, unemployment went from 7.2 to 5.6% and inflation went from 2.17 to 1.1%. Anexplanation of these changes might be that theO long-run aggregate supply curve shifted to the left.O interest rates increasedO consumer spending increasedO overnment decreased federal expendituresO price of steel decreased

From the above information, we can say that in the year 2017-18 inflation and unemployment both…

29) Suppose that from 2017 to 2018, unemployment went from 7.2 to 5.6% and inflation went from 2.17 to 1.1N An explanation of these changes might be that the O long-nun aggreate supply curve shifted to the let. O nterest rates increased O consumer spending increased O pverrment decreased federal expenditures O price of steel decreased

29) Suppose that from 2017 to 2018, unemployment went from 7.2 to 5.6% and inflation went from 2.17 to 1.1N An explanation of these changes might be that the O long-nun aggreate supply curve shifted to the let. O nterest rates increased O consumer spending increased O pverrment decreased federal expenditures O price of steel decreased

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

29) Suppose that from 2017 to 2018, unemployment went from 7.2 to 5.6% and inflation went from 2.17 to 1.1%. An
explanation of these changes might be that the
O long-run aggregate supply curve shifted to the left.
O interest rates increased
O consumer spending increased
O overnment decreased federal expenditures
O price of steel decreased

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