Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me answer this thank you Question 15 of 1 5 If an economy starts out in long-run equilibrium and people become more optimistic

Please help me answer this thank you

image text in transcribed
Question 15 of 1 5 If an economy starts out in long-run equilibrium and people become more optimistic about the future of the economy, this will lead to: OA. OB. An increase in real output, a decrease in the price level, decreasing wages, and a decrease in real output to return to long- run equilibrium. A decrease in real output, an increase in the price level, decreasing wages, and an increase in real output to return to long-run equilibrium. A decrease in real output, an increase in the price level, increasing wages, and an increase in real output to return to long-run equilibrium. An increase in real output, a increase in the price level, increasing wages, and a decrease in real output to return to long-run equilibrium. A decrease in real output, a decrease in the price level, decreasing wages, and an increase in real output to return to long-run equilibrium

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Justice In A Global Economy Strategies For Home, Community, And World

Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers

1st Edition

0664229557, 9780664229559

More Books

Students also viewed these Economics questions

Question

What is meant by and what are some examples of globalization?

Answered: 1 week ago

Question

What factors affect occupational accidents?

Answered: 1 week ago