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EastWind [94]
3 years ago
8

If the short-run macroeconomic equilibrium is _________ of the economy's potential output, then there is a(n) ________ and the a

ggregate price level is expected to ________.
Business
1 answer:
Ulleksa [173]3 years ago
8 0

Answer:

B. To the left; recessionary gap; fall

Explanation:

Short-Run Macroeconomic equilibrium occurs when the real GDP demand is equal to the real GDP supply. When there is a shift to the left it means GDP demand decreases below supply leading to an excess in supply of goods and services. When this happens, there's a fall in the level of employment and other indicators of recession. This will also invariably lead to a Fall in the aggregate level of price in order to attract more demand.

The opposite scenario occurs when there is a shift to the right or increase in demand.

You might be interested in
Which of the following are reasons that the short-run aggregate supply curve slopes upward?
kaheart [24]

Answer:

The short-run aggregate supply curve slopes upward because of all of the following reasons except a. in the short run, as prices of final goods and services increase, some firms are very slow to adjust their prices, thus their sales increase. b. in the short run, an unexpected change in the price of an important resource can change the cost to firms.

Hope this helps :)

5 0
3 years ago
A product's _____ is most likely to influence the purchase decision of the consumers.
Stolb23 [73]

The answer is the product’s quality. It is because the overall quality of the product is the main reason why consumers want to buy the product because the quality is the characteristic of the product possess and this will greatly affect the consumers, especially if they like the product’s quality.

7 0
3 years ago
In the late nineteenth century, what helped narrow the gradations of freedom amongst white Americans? a. Indentured servitude ha
ElenaW [278]

In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.

Option: B

Explanation:

In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.

Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.

5 0
3 years ago
Which one of the following will increase the present value of a lump sum future amount to be received in 15 years?An increase in
Molodets [167]

Answer:

The correct answer is a decrease in the interest rate

good luck ❤

6 0
3 years ago
​"Relevant costs for pricing decisions are full costs of the​ product." Do you​ agree? Explain. A. ​Yes, full costs of the produ
dedylja [7]

Answer:

c

Explanation:

depend on the scenario.. all costs that are directly related to that decision all relevant cost.

7 0
3 years ago
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