A temporary supply shock that raises prices
A) will cause the real interest rate to rise in the long run.
B) has no long-run impact on inflation and output.
C) causes output to fall in the long run.
D) causes inflation to rise in the long run.
B
Economics
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In a competitive market, if the existing price is below the equilibrium price, market forces will drive the price:
a. Up and quantity supplied up b. Down and demand down c. Up and quantity supplied down d. Up and supply up
Economics
A nation's net exports consist of
A) its exports plus its imports. B) its exports plus all other nation's imports. C) its exports minus its imports. D) its imports plus all other nation's exports.
Economics