Assume that the economy is in long-run equilibrium with complete information and that input prices adjust rapidly to changes in the prices of goods and services. If there is a sudden rise in the price level induced by an increase in aggregate demand, real GDP will ▼ increase not change decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume that the economy is in long-run equilibrium with complete information and that input prices adjust rapidly to changes in the prices ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Honda Motor Company is considering offering a $ 2 comma 000$2,000 rebate on its minivan, lowering the vehicle's price from $ 30 comma 000$30,000 to $ 28 comma 000$28,000.
Answers (1)
Why is eskom not a profitable company
Answers (1)
Marcus wants to have the deed to his new home recorded to protect his ownership rights. In order to record the deed, it must be notarized. Marcus must go before a notary public and verify the signing of the deed. The notary then signs the deed.
Answers (1)
A companys normal selling price for its product is $24 per unit. however, due to market competition, the selling price has fallen to $19 per unit. this company's current inventory consists of 160 units purchased at $20 per unit.
Answers (1)
Who plays as forest gump the movie
Answers (2)
New Questions in Business
The concept "bureaucracy" refers to a. a large, normative organization b. any source of inefficiency in organizational operation c. an organizational model that operates informally d.
Answers (1)
The globalization of business and changing demographic trends will present organizations with a tremendously culturally diverse workforce which represents the risk that: A.
Answers (1)
Brad Essary owned a small company that sold garden equipment. The equipment was expensive, and a perpetual system was maintained for control purposes.
Answers (1)
Why does Target use different hurdle rates for the store and credit cards (9% and 4%, respectively) ? What process would you use to estimate these discount rates to see if they are reasonable?
Answers (1)
Arguments against social responsibility
Answers (1)