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redraven98Lv1
18 Aug 2020
If aggregate demand shifts right then in the short run:
a. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.
b. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.
c. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.
d. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.
If aggregate demand shifts right then in the short run:
a. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.
b. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.
c. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.
d. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.
Mahe AlamLv10
8 Apr 2021
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