Match the left to the right Shift to dotted line: then whole shift Shift the AS curve C, I, G, X Shift the AD curve AD curve and what causes the downward shape Total Output Total Input The Price Level does not decrease easily Productivity- Per Unit production Costs Ratchet effect Cost-push inflation Initial change in spending multiplier effect Real balances, real interest rate and foreign purchases Full employment level of output Equilibrium Total input cost Total output Change in resource prices, productivity and legal institutional environment

Match the left to the right Shift to dotted line: then whole shift Shift the AS curve C, I, G, X Shift the AD curve AD curve and what causes the downward shape Total Output Total Input The Price Level does not decrease easily Productivity- Per Unit production Costs Ratchet effect Cost-push inflation Initial change in spending multiplier effect Real balances, real interest rate and foreign purchases Full employment level of output Equilibrium Total input cost Total output Change in resource prices, productivity and legal institutional environment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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