University of Winnipeg (U OF W ) • ECONOMICS E2101
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E2101 1
Latest notes & summaries University of Winnipeg (U OF W ) • ECONOMICS E2101
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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University of Winnipeg•E2101
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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: ...