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answer noo explanation needed 60. In Figure 24.2 beluw, a : ...... supply shock will shift the aggregate supply curve to AS and the economy

answer noo explanation needed

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60. In Figure 24.2 beluw, a : ...... supply shock will shift the aggregate supply curve to AS" and the economy will return to the long run equilibrium at, point L A. Negative, 1. B. Negative, 3. 0. Positive, 1. D. Positive, 3. E. Home of the above. 66. When nominal interest rates are zero, the MP curve has a ; ...... slope because monetary authorities ; ...... lower the nominal interest rate and the real interest rate ; ...... as ination rates decline. A. Positive; cannot; falls B. Negative; cannot; rises C. Positive; can; falls D. Negative; can; rises E. None of the above. 75. a ...... nominal interest rates do ; ...... indicate that the cost of borrowing is ; ....... A. Low; not nee-eerily, low. B. High; necaserily, high. C. Low; necessarily, low. D. Both (B) and (C) of the above. E. None of the above. 86. If the dollar increases in value relative to foreign currencies so that foreign goods become cheaper in Canada, what wilt happen to the position of the short-run ag- gregate supply curve? The aggregate demand curve? A. The aggregate demand curve shifts inward and the short-run aggregate supply curve shifts inward. B. The aggregate demand curve shifts outward and the short-run aggregate supply curve shifts inward. C. The aggregate demand curve shifts inward and the short-run aggregate supply curve shifts outward. D. The aggregate demand curve shifts outward and the short-run aggregate supply curve shifts outward. E. None of the above

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