When will stabilization policy be most effective in combating inflation?
a. when AS is flat
b. when AS is very steep
c. when AS has a moderately upward slope
d. when AS has a moderately downward slope
b
Economics
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The AE curve illustrates the relationship between
A) real GDP and actual expenditure. B) the interest rate and aggregate planned expenditure. C) real GDP and the interest rate. D) aggregate planned expenditure and real GDP. E) the quantity of real GDP demanded and the price level.
Economics
All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics