Suppose ,
,
,
, and
) For any given
Equals ________ and the economy ________.
A) 0; is in its long-run equilibrium
B) 0.90; has experienced a positive aggregate demand shock
C) 0.30; has experienced a positive aggregate demand shock
D) -0.10; has experienced a negative aggregate demand shock
E) 1.00; is in its long-run equilibrium

Question

Suppose  , 
, 
, 
, and 
) For any given 
Equals ________ and the economy ________.
A) 0; is in its long-run equilibrium 
B) 0.90; has experienced a positive aggregate demand shock 
C) 0.30; has experienced a positive aggregate demand shock 
D) -0.10; has experienced a negative aggregate demand shock 
E) 1.00; is in its long-run equilibrium

Quizplus · Accepted Answer

The Answer of Suppose  , 
, 
, 
, and 
) For any given 
Equals ________ and the economy ________.
A) 0; is in its long-run equilibrium 
B) 0.90; has experienced a positive aggregate demand shock 
C) 0.30; has experienced a positive aggregate demand shock 
D) -0.10; has experienced a negative aggregate demand shock 
E) 1.00; is in its long-run equilibrium