E2101
University of Winnipeg (U of W )
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ECONOMICS E2101 chapter 16 questions with verified answers
- Exam (elaborations) • 26 pages • 2022
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1. In terms of aggregate supply, the short run is a period in which:
the price level is constant.
employment is constant.
real GDP is constant.
→ nominal wages and other input prices are constant.
Multiple Choice Question
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 16-01 Explain how the economy arrives at its long-run equilibrium.
Topic: 16-02 Short-Run Aggregate Supply
Type: Definition
2. The short-run aggregate supply curve is upward-sloping because:
...
Exam (elaborations)
ECONOMICS E2101 chapter 16 questions with verified answers
Last document update:
ago
1. In terms of aggregate supply, the short run is a period in which: the price level is constant. employment is constant. real GDP is constant. → nominal wages and other input prices are constant. Multiple Choice Question Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 16-01 Explain how the economy arrives at its long-run equilibrium. Topic: 16-02 Short-Run Aggregate Supply Type: Definition 2. The short-run aggregate supply curve is upward-sloping because: ...
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