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help me asap please answer the question accurately please! 21. (03.05 MC) Which of the following is true about the long-run equilibrium in the economy?
help me asap please
answer the question accurately please!
21.
(03.05 MC) Which of the following is true about the long-run equilibrium in the economy? (1 point)
The long-run equilibrium occurs when the aggregate demand equals the long-run aggregate supply, irrespective of the changes in the short-run aggregate supply. | |
The long-run equilibrium is attained at the intersection of aggregate demand and long-run aggregate supply. As the price adjusts to this level, the short-run aggregate supply also crosses this point. | |
The long-run equilibrium is attained when the amount of aggregate supply exceeds the amount of long-run aggregate demand. | |
The long-run equilibrium is attained when the amount of aggregate demand equals the amount of short-run aggregate supply, as the long-run aggregate supply does not depend on the immediate price level. | |
The long-run equilibrium is attained when the amount of long-run aggregate supply equals the amount of aggregate demand, and the short-run aggregate supply remains unaffected, since the prices are sticky. |
22.
(03.06 MC) What happens when a country experiences a positive demand shock in the short run? (1 point)
Output increases, unemployment decreases, and the price level increases. | |
Output increases, unemployment increases, and the price level increases. | |
Output increases, unemployment decreases, and the price level decreases. | |
Output increases, unemployment decreases, and the price level remains constant. | |
Output increases, unemployment remains constant, and the price level decreases. |
23.
23. (03.07 HC) Use the graph to answer the question that follows. Price Level Y Income 33. (04.05 MC) The graph below shows the changes in the money market due to an increase in the reserve requirement bythe Fed. Nominal interest rate % m' m m" Quantity 39. (04.07 MC) Use the graph to answer the question that follows. Real interest rate % S'If 0' 8% S"If 7% --- DIf O $1600 $1700 Quantity of loanable funds $Step by Step Solution
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