Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y) equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal and, in the long run, output will equal Select one: O a. 9300; 9400 O b. 9700; 9700 O c. 9300; 9500 O d. 9300; 9700 Physical capital includes all of the following EXCEPT: Select one: Oa. land O b. buildings O c. financial assets O d. capital equipment When a Japanese company purchases a hotel in Byron Bay, Australia, from the perspective of Japan this is a: Select one: Oa. export O b. import O c. capital outflow nd halance on merchandise trade Aa
Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y) equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal and, in the long run, output will equal Select one: O a. 9300; 9400 O b. 9700; 9700 O c. 9300; 9500 O d. 9300; 9700 Physical capital includes all of the following EXCEPT: Select one: Oa. land O b. buildings O c. financial assets O d. capital equipment When a Japanese company purchases a hotel in Byron Bay, Australia, from the perspective of Japan this is a: Select one: Oa. export O b. import O c. capital outflow nd halance on merchandise trade Aa
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: The Short-Run Trade-off Between Inflation And Unemployment
Section: Chapter Questions
Problem 3PA
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