Which of the following shifts the short-run, but not the long-run, aggregate supply right? a decrease in the price level O a decrease in the expected price level a decrease in the natural rate of unemployment a decrease in the savings rate How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time? The expected price level rises, shifting aggregate demand right. The expected price level rises, shifting aggregate demand left. The expected price level falls, shifting aggregate supply right. The expected price level falls, shifting aggregate supply left.

Which of the following shifts the short-run, but not the long-run, aggregate supply right? a decrease in the price level O a decrease in the expected price level a decrease in the natural rate of unemployment a decrease in the savings rate How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time? The expected price level rises, shifting aggregate demand right. The expected price level rises, shifting aggregate demand left. The expected price level falls, shifting aggregate supply right. The expected price level falls, shifting aggregate supply left.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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