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V1 What result would you most expect if there is a fall in the real interest rate (in the short run)? Select one: O a.
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What result would you most expect if there is a fall in the real interest rate (in the short run)? Select one: O a. Real output would decline while the price level increases. O b. The price level would probably fall and real output would also fall. O c. Real output would remain unchanged. O d. The price level would decline O e. Real output and the price level would probably both increase.Which is not true about long run equilibrium? Select one: O a. The actual rate of unemployment must equal the natural rate of unemployment. O b. The nominal interest rate must equal the rate of inflation. O c. The quantity of real goods and services demanded must equal the quantity of real goods and services supplied in the economy. O d. Actual real GDP must equal the full employment level of output. O e. The actual price level must be equal to the price level anticipated for the current periodStep by Step Solution
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