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LRAS LRAS AS AS AD: AD, AD AD (A) (B) 23. Looking only at the Aggregate Supply curve, which of the following statements is true?

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LRAS LRAS AS AS AD: AD, AD AD (A) (B) 23. Looking only at the Aggregate Supply curve, which of the following statements is true? A. expected inflation is higher in figure A than in figure B B. people are more sophisticated in forecasting inflation in figure A than in figure B C. people are less sophisticated in forecasting inflation in figure A than in figure B D. prices are more sticky in figure A than in figure B 24. For the two figures, we can say that the partial equilibrium expenditure multiplier is: A. larger in figure A than in figure B B. larger in figure B than in figure A C. the same size in both of the figures D. we cannot tell which multiplier is larger given from the information given 25. For the two figures, we can say that the general equilibrium expenditure multiplier is: A. larger in figure A than in figure B B. larger in figure B than in figure A C. the same size in both of the figures D. we cannot tell which multiplier is larger given from the information given 26. For the two figures, we can say that the crowding-out effect is: A. larger in figure A than in figure B B. larger in figure B than in figure A C. the same size in both of the figures D. we cannot tell which crowding-out effect is larger given from the information given

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