Refer to Exhibit 6. Suppose the economy is Operating in long-run equil – McqOptions

MCQOPTIONS

1.	Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?
A.	H
B.	F
C.	E
D.	c
Answer» C. E

Discussion

No Comment Found

Related MCQs

Which of the following taxes can be supported by the benefits principle of taxation ?
Which of the following would likely cause the greatest deadweight loss ?
Which of the following would shift the long-run Phillips curve to the right ?
Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
When actual inflation exceeds expected inflation ?
When a tax on a good start small and is gradually increased tax revenue ?
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
The reduction of tax ?
The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increase price and ?
The original Phillips curve illustrates ?