contestada

If the economy is currently in short-run equilibrium at point a, what type of monetary policy would be most effective to bring the economy back to long-run equilibrium?


a) expansionary monetary policy to shift AD to the right

b) expansionary monetary policy to shift SRAS to the right

c) contractionary monetary policy to shift AD to the right

d) contractionary monetary policy to shift SRAS to the right

Respuesta :

tutorconsortium639

When total output and total demand are equal, this is referred to as short-run equilibrium.

What function does the economics serve?

According to economists, the study with scarcity underlies economics. This is thus because there are only so many workers, plots of land, and raw materials, yet there is an endless supply of people who want them. In essence, we constantly seek more. The standard response is that an economic is a system for allocating scarce resources.

Which kind of economy is best?

Since there is little government interference in market economies, all management choices are made by private ownership. Greater effectiveness, productivity, and innovation are produced by this economy type.

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