In the long run, the price level is determined by   a. the short-run aggregate supply curve and long-run aggregate supply curve being the same.   b. the aggregate demand curve being perfectly vertical.    c. the aggregate demand curve.   d. short-run aggregate supply curve.

Q: Indicate whether the descriptions that follow are short-run aggregate supply curves, long-run…

A: Short-run aggregate supply curve:- The amount of overall production that will be generated at each…

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Q: 11. Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves,…

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Q: Question 4 Which statement best characterizes what happens to the aggregate demand curve when the…

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Q: Suppose that political instability in the Middle East interrupts the supply of oil. The and prices…

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Q: Aggregate demand will shift to the right, if: Selected Answer: B. the aggregate price level…

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Q: Topic: The long-run aggregate supply curve and short-run adjustments Help on the questions…thanks

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Q: Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate…

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Q: Price Level 160 140 120 100 80 60 40 20 0 Aggregate Supply LRAS 20 40 60 80 100 120 140 160 Real GDP…

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Q: Figure 2. PRICE LEVEL 70 к AD₂ QUANTITY OF OUTPUT 9 AD, AD₂ Refer to Figure 2. An increase in taxes…

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A: The increase in AS shifts AS to the right which  increases real GDP and decreases price level.

Q: Aggregate demand O A. upward sloping O O c. vertical O D. horizontal B. downward sloping curve is

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Q: How does the aggregate demand and aggregate supply looks in the long run. Explain with the help of a…

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Q: 4. Explain whether each of the following events shifts the short-run aggregate-supply curve, the…

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Q: 5.2 Explain why the long-run aggregate supply curve is vertical. Then, explain how each of the…

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Q: Due to the covid-19 pandemic almost all the world economies have seen a degrowth last year. Based on…

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Q: Suppose that aggregate supply deceases while aggregate demand held constant. a. What happens to the…

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Q: 1. As the aggregate demand curve shifts to the right:

A: Shift in aggregate demand will have effects on both price level and real GDP.

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