The position of the SRAS curve depends on:

A. the expected rate of inflation.
B. the actual rate of inflation.
C. the rate of nominal GDP growth.
D. the long-run real growth rate.

Ans: A. the expected rate of inflation.

Economics

You might also like to view...

Competition results in the efficient product mix because

A) producers are setting MRT equal to minus the price ratio while consumers are setting MRS equal to minus the price ratio ensuring that MRT will equal MRS. B) consumers are on the contract curve. C) the slope of the production possibility frontier will equal the slope of the contract curve. D) the distribution of the final output is Pareto efficient.

Economics

The Nash equilibrium for the game is

a. For both stores to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For both stores to not advertise

Economics