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  3. The Economics of Money Banking and Financial Markets The Business
  4. Quiz 23: Aggregate Demand and Supply Analysis

Everything Else Held Constant, When Actual Output Exceeds the Natural

Question 29
Multiple Choice

Everything else held constant, when actual output exceeds the natural rate of output ________ aggregate supply ________. A) short-run; decreases B) short-run; increases C) long-run; increases D) long-run; decreases

Related questions
Q 30
Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________. A) long-run; increases B) long-run; decreases C) short-run; decreases D) short-run; increases
Q 31
Everything else held constant, a change in workers' expectations about inflation will cause ________ to change. A) aggregate demand B) short-run aggregate supply C) the production function D) long-run aggregate supply
Q 32
Which of the following increases aggregate supply in the short-run, everything else held constant? A) An increase in the price of crude oil. B) A successful wage push by workers. C) Expectations of a higher inflation. D) A technological improvement that increases worker productivity.
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