Which of the following shifts the short-run but not the long-run aggregate-supply curve left?
a. an increase in the expected price level
b. a decrease in the expected price level
c. a decrease in how much people want to consume
d. an appreciation of the dollar
Ans: a. an increase in the expected price level
Economics
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Unless demand is changing, price and quantity will
A) be proportionate. B) move in opposite directions. C) move in the same direction. D) fluctuate cyclically. E) remain constant.
Economics
Refer to the above figure. Which panel best demonstrates the demand curve?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics