0
   

Macroeconomics Help

 
 
Reply Fri 1 Apr, 2011 07:16 pm
When the short-run aggregate supply curve is steep, then for a given increase in aggregate demand,

a. the increase in real GDP will be relatively large and the increase in the price level will be relatively small

b. the increases in real GDP and the price level will be small

c. the increase in real GDP will be relatively small and the increase in the price level will be relatively large

d. the decrease in real GDP will be larger than the decrease in the price level

e. the increases in real GDP and the price level will be large
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 900 • Replies: 1
No top replies

 
dadpad
 
  1  
Reply Fri 1 Apr, 2011 07:53 pm
@leilanikiri,
f. It makes no difference to ordinary folk managing to have a life on substandard wages in overpriced housing purchased at rip off rates from price gouging financial institutions who whine for government bailouts when their greed brings them undone.
0 Replies
 
 

Related Topics

present value calculation - Question by magikarppp
Bays Theorem - Question by klazman
Amount of Time - Question by Randy Dandy
Stop multi-tasking. - Question by suzis114
Interview - Question by Mcleod
The movie Contagion questions. - Question by acacia410
The fall of communism - Question by jtee25
[ESSAY] Indian Partition of 1947 - Question by skiiful
 
  1. Forums
  2. » Macroeconomics Help
Copyright © 2022 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 05/26/2022 at 02:54:51