Which of the following would raise the price level in both the short and long run?
A) an increase in taxes
B) an increase in government expenditures
C) a decrease in the minimum wage
D) an increase in the capital stock
Correct Answer:
Verified
Q94: Figure 33-11. Q95: Suppose that there is an increase in Q96: Suppose the economy is in long-run equilibrium.If Q97: Other things the same,an increase in the Q98: Which of the following would cause stagflation? Q100: Suppose that the economy is at long-run Q101: Changes in the price of oil Q102: Suppose the economy is in long-run equilibrium.In Q103: During the 2008-2009 unemployment rose from about Q183: Suppose the economy is in long-run equilibrium.
A)rising
A)can only
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