If the money prices of resources changes
A) the LAS curve shifts.
B) the SAS curve shifts.
C) the AD curve shifts.
D) the macroeconomic equilibrium is unaffected.
B
Economics
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After an unexpected ________ in the price of oil, the long-run adjustment decreases the price level and ________ the unemployment rate as they return to their original levels
A) increase; increases B) increase; decreases C) decrease; decreases D) decrease; increases
Economics
When planned autonomous spending rises, the planned expenditure line
A) makes a parallel shift downward. B) makes a parallel shift upward. C) pivots upward from the vertical intercept. D) pivots downward from the vertical intercept.
Economics