Chapter 10: Introduction to Economic FluctuationsQuestion: A distinction between the long run and the short run is that... can affect .... andin the short run, whereas . .. in the long run.O amoney supply /inflation/ money demand / money supply is more effectiveb.government / money supply/inflation/ supply is more effectiveO demand / output/ employment/supply is the ruling forceOd.government/ inflation/ employment/ demand is more effectivee.supply/output/ employment/ demand is more effective Chapter 11: Aggregate Demand I: Building the IS-LM ModelQuestion: An explanation for the slope of the LM curve is that asthe interest rate increases, exports increase and income becomes higher.O b.income rises, money demand declines, and a lower interest rate is required.the interest rate increases, money demand declines and income becomes lower.O d.the interest rate increases, investment increases and income becomes lower.e.income rises, money demand rises, and a higher interest rate is required.

Long Run: It is a time period when both factors of production changes, the fixed as well as the…

Answered: Question: A distinction between the…

Question: A distinction between the long run and the short run is that can affect ...... and in the short run, whereas .......-. in the long run.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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