points lies on the production posibilities curve according the Keynesian theory are: O 1. not normal and not possible O 2. not normal but possible O 3. normal but not possilble O 4. normal and possible

points lies on the production posibilities curve according the Keynesian theory are: O 1. not normal and not possible O 2. not normal but possible O 3. normal but not possilble O 4. normal and possible

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Quèstion 5
points lies on the production posibilities curve according the Keynesian theory are:
O1. not normal and not possible
O 2. not normal but possible
O 3. normal but not possilble
O 4. normal and possible
Click Submit to complete this assessment.
production
innl theory 1 (1).pptx

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QUESTION 1 In the neoclassical model, if the economy starts out on the LRAS (Long Run Aggregate Supply curve), with GDP equal to potential GDP, but then aggregate demand shifts to the left for any reason, what effect will this have in the long run? O a. Inflation O b. Higher real GDP Oc. Deflation and lower real GDP O d. Inflation and higher real GDP e. Deflation O f. Lower real GDP
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Consider the basic AD/AS macro model in long-run equilibrium that experiences a positive AD shock. In the short run, the price level and output In the long run, the price level and output O a. Decreases; decreases; decreases further; decreases further. O b. Decreases; decreases; decreases further; returns to potential output. O c. Increases; increases; increases further; increases further. O d. Increases; decreases; increases further; returns to potential output. O e. Increases; increases; increases further; returns to potential output.
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When imports rise, net exports (We'll reuse this information in the next two questions.) rises; rises O rises; falls O falls; falls and aggregate demand falls; rises