b. output and unemployment to fall. output to fall and unemployment to rise. output to rise and unemployment to fall. с d. 10 If the short-run aggregate supply curve (SRAS) is horizontal, then an increase in aggregate demand leads to: an increase in real output, an increase in the price level, and a decrease in unemployment. an increase in real output, a decrease in the price level, and a decrease in unemployment. an increase in real output, no change in the price level, and a decrease in unemployment. a decrease in real output, no change in the price level, and an increase in unemployment. а. b. с. sldepogei 19 Lox er sd Noldbet od chomecce b nf cecs broct SRA

b. output and unemployment to fall. output to fall and unemployment to rise. output to rise and unemployment to fall. с d. 10 If the short-run aggregate supply curve (SRAS) is horizontal, then an increase in aggregate demand leads to: an increase in real output, an increase in the price level, and a decrease in unemployment. an increase in real output, a decrease in the price level, and a decrease in unemployment. an increase in real output, no change in the price level, and a decrease in unemployment. a decrease in real output, no change in the price level, and an increase in unemployment. а. b. с. sldepogei 19 Lox er sd Noldbet od chomecce b nf cecs broct SRA

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

100%

If the short-run aggregate supply curve (SRAS) is horizontal, then an increase in aggregate demand leads to:

b.
output and unemployment to fall.
output to fall and unemployment to rise.
output to rise and unemployment to fall.
с
d.
10
If the short-run aggregate supply curve (SRAS) is horizontal, then an increase in
aggregate demand leads to:
an increase in real output, an increase in the price level, and a decrease in
unemployment.
an increase in real output, a decrease in the price level, and a decrease in
unemployment.
an increase in real output, no change in the price level, and a decrease in
unemployment.
a decrease in real output, no change in the price level, and an increase in
unemployment.
а.
b.
с.
sldepogei
19 Lox er
sd
Noldbet
od
chomecce b nf cecs
broct
SRA

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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