chapter_9_long

B a decrease in output demand and an increase in

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Unformatted text preview: decrease in output demand and an increase in output supply. C) only a decrease in output demand. D) an increase in output demand and a decrease in output supply. E) a decrease in output demand and a decrease in output supply. 3) 4) The output demand curve shows the A) negative relationship between the real interest rate and current aggregate output. B) negative relationship between the wage rate and current aggregate output. C) positive relationship between total factor productivity and current aggregate output. D) positive relationship between the real interest rate and current aggregate output. E) positive relationship between the wage rate and current aggregate output. 4) 5) The condition, MRSl,C = w, describes the representative consumer s 5) A) future consumption- savings decision. B) future period work leisure decision. C) investment decision. D) current period work leisure decision. E) current consumption savings decision. 6) The equilibrium effects of a sectoral shift include A) a decrease in the real wage and a decrease in the real interest rate. B) a decre...
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