428) Suppose an economy is in short-run and long-run equilibrium where its AD, SAS, and LAS curves intersect. Then there is a demand shock and AD shifts to the right. Which of the following statements is false?
Answer is:
In the long run, the price level will equal the original level
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The new SAS curve will be to the left of the original SAS
Answer is:
The new AD curve will be to the left of the original AD
Answer is:
People who want a job but do not have one
Answer is: