Multiple Choice
Which of the following is FALSE in the medium run?
A) a change in monetary policy can shift the AD-curve
B) a change in fiscal policy can shift the AD-curve
C) a change in fiscal policy can change output and prices
D) a change in monetary policy can change prices but not output
E) a change in labor productivity can shift the AS-curve
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Looking at the performance of the U.S.economy
Q2: The output gap shows the deviation of
Q4: Labor is fully employed when<br>A)everyone is working
Q5: Macroeconomics does NOT focus on<br>A)policies that affect
Q6: In the very short run, the level
Q7: If we look at inflation as measured
Q8: The position of the AS-curve depends on<br>A)fiscal
Q9: As the economy enters a boom we
Q10: Real GDP can grow over time because
Q11: Which of the following is NOT dealt