3.7 Self-Adjustment in AD-AS Model
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Social Studies
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12th Grade
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Emily Miller
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12 Slides • 7 Questions
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Open Ended
After a demand shock occurs, how will the economy return to long-run equilibrium?
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Multiple Choice
Which of the following will cause a negative supply shock?
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Multiple Choice
During stagflation, the price level will ____ and real GDP will ___.
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Multiple Choice
An economy at long-run AS is operating at:
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Multiple Choice
Assume that Canada imports products from the United States. A large decrease in the Canadian incomes will cause the United States price level and real GDP to change in which of the following ways?
FIRST PART IS PRICE LEVEL AND SECOND PART IS REAL GDP
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Multiple Choice
According to classical economists, which of the following will occur to move this economy to long-run equilibrium
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Multiple Choice
An increase in the marginal propensity to save clearly causes a decrease in which of the following?
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