According to the new classical theory, a monetary surprise will
a. shift the labor supply curve to the right in the short run.
b. shift the labor supply curve to the left in the short run.
c. not shift the labor supply curve in the short run.
d. shift the aggregate supply curve to the left in the short run.
e. shift the aggregate supply curve to the right in the short run.
C
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The Condorcet paradox shows that even if each individual in a group has transitive preferences, the group's collective preferences may not be transitive
Indicate whether the statement is true or false
In the short run, an increase in investment, ceteris paribus, shifts the
A) AD curve to the right, causing equilibrium price level to rise and equilibrium Real GDP to increase. B) AD curve to the left, causing equilibrium price level to fall and equilibrium Real GDP to decrease. C) SRAS curve to the right, causing equilibrium price level to fall and equilibrium Real GDP to increase. D) SRAS curve to the left, causing equilibrium price level to rise and equilibrium Real GDP to decrease.