In the new Keynesian model, an increase in productivity will cause ________
A) a leftward shift in short-run and long-run aggregate supply
B) a rightward shift in short-run and long-run aggregate supply
C) a leftward shift in short-run aggregate supply and rightward shift in long-run aggregate supply
D) a rightward shift in short-run aggregate supply and a leftward shift in long-run aggregate supply
B
Economics
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Recessions typically cause the unemployment rate to ________ and the inflation rate to ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Economics
Which of the given nations would be high-income countries (IACs), according to the World Bank?
A. Country C only.
B. Countries B, C, and D.
C. Countries B, C, D, and E.
D. Countries B and C.
Economics