At the intersection of AD and AS equilibrium is achieved in ?

Related Mcqs:

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A. New classical economists B. Keynesian. C. Marxists D. Monetarists...

Governments may contribute to inflationary pressure because of building up large ?

A. numbers of employees B. welfare plans C. budget deficits D. expenditures...

The long-run Phillips curve is ____ at the ____?

A. horizontal, natural rate of inflation B. horizontal natural rate of unemployment C. vertical natural rate of inflation D. vertical equilibrium rate of unemployment...

Potential GDP is the level of aggregate output ?

A. that can be produced if structural unemployment is zero B. that can be produced at a zero-unemployment rate C. that can be sustained in the long run without inflation D. that can be sustained in the long run, if the inflation rate is zero...

During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?

A. rise B. fall C. not changes D. fluctuates...