Answer plzz ...

QUESTION 3 In situations or STICKY prices and negative demand SHOCKS. we would expect rms to: - - deplete inventories before increasing production. reduce production before building up inventories. build up inventories before reducing production. - - lower prices before reducing production or building up inventories. QUESTION 9 Which of the following is an example of a supply shock? Government increases spending on education. A dramatic increase in energy prices increases production costs for rms in the economy. - - A surge in consumer optimism prompts increased buying at goods and services. A surprise tax rebate from the government gives people more money to spend. QUESTION 10 Pce _E 5 D1 a. Q; 03 Quantity Refer to the figure. Assuming this market is representative or the economy as a whole. a positive demand shock will: - lower the price level but leave output unchanged. increase both the price level and the quantity of output produced. - increase output but leave prices unchanged. raise the price level but leave output unchanged. QUESTION 11 A trough in the business cycle occurs when: Employment and output reach their lowest levels - - The inflation rate is at its lowest level Cyclical unemployment is at a minimum point The natural rate of unemployment is at a minimum point