inflation potential real GDP LRAS 1 1 pts Question 8 In the long run wages and

Inflation potential real gdp lras 1 1 pts question 8

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inflation potential real GDP (LRAS). 1 / 1 pts Question 8 In the long run, wages and prices are considered to be: fixed. sticky. flexible.
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5/8/2019 M12: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE 6/7 unstable. 0 / 1 pts Question 9 Incorrect Exhibit 14A-1 Aggregate demand and supply model Beginning from long-run equilibrium at point E in Exhibit 14A-1, the aggregate demand curve shifts to AD . The real GDP and price level (CPI) in short-run equilibrium will be: 1 2 $12 billion and 200. $8 billion and 250. $8 billion and 150. $12 billion and 250.
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5/8/2019 M12: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE 7/7 0 / 1 pts Question 10 Incorrect Incorrect In the short run, a price increase in the goods and services market measured by the CPI will: increase the purchasing power of money. improve producer profits and, thereby, induce suppliers to expand output. increase resource prices, lower profits, and lead to a decline in output. reduce the natural rate of unemployment. Quiz Score: 3 out of 10
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