If policymakers decrease aggregate demand, then in the short run the price level falls and unemployment rises. and unemployment fall. and unemployment rise. rises and unemployment falls.
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If policymakers decrease aggregate demand, then in the short run the
falls and
and unemployment fall.
and unemployment rise.
rises and unemployment falls.
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- If policymakers decrease aggregate demand, then in the short run the price level Answer falls and unemployment rises. and unemployment fall. and unemployment rise. rises and unemployment falls.Cyclical unemployment is caused by the recession to expansion. Osupply; moving to the right Odemand; moving to the right Odemand; moving to the left supply; moving to the left for labor during an economy moving fromWhich of the following is likely to occur if an increase in legal immigrants significantly reduces the wages of workers, ceteris paribus? A. Aggregate supply will decrease (shift left). B. Aggregate supply will increase (shift right). C. Aggregate demand will increase (shift right). D. Aggregate demand will decrease (shift left).
- When the unemployment rate falls to the full-employment level: There is increased concern about inflation. Many resources are idle. The size of the labor force decreases. There is increased concern about deflation.Draw a correctly labeled graph of the long-run aggregate supply and short-run aggregate supply curves. Show each of the following in your graph. Assume that the economy of your graph's country has an actual unemployment rate that is less than the natural unemployment rate. Help with the last two bullet points.During recessions, income a) falls and unemployment rises b) and unemployment both fall c) rises and unemployment falls d) and unemployment both rise
- How do people typically respond to higher real interest rates? by saving less by paying more taxes by saving more by consuming moreFull employment output is the level of output that firms in the economy supply when A- all capital is fully utilized B- the unemployment rate is zero C- taxes are zero D- consumption decreases and saving decreasesIf the aggregate demand is 300 + 50P and the aggregate supply is 100 + 60P calculate the value of P
- The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.Suppose the world price of wood pulp falls substantially. The demand for labour among wood pulp-producing firms in northern British Columbia will .The demand for labour among paper and packaging-producing firms in southern British Columbia, for which wood pulp is an input, The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. will Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Establishing government-run employment agencies to connect unemployed workers to job vacancies Extending the number of weeks for which unemployed workers are eligible for Employment Insurance benefits from the government Improving a widely used job search website so that it matches workers to job vacancies more effectivelyThe percentage change in the overall level of prices in an economy is called a. contraction.
