Business, 25.11.2019 22:31, puffley

Suppose the economy begins in long run equilibrium. then, suppose that farmers in the midwest experience prolonged good weather which yields a better than average harvest. a. which curve will shift and in which direction? a. sas will shift left b. ad will shift right c. sas will shift right d. ad will shift left b. what will happen to y, p, and the unemployment rate? a. y will decrease, p will increase, and the unemployment rate will increase. b. y will increase, p will increase, and the unemployment rate will decrease. c. y will increase, p will decrease, and the unemployment rate will decrease. d. y will decrease, p will decrease, and the unemployment rate will increase. c. is the new equilibrium above, below, or equal to full employment? a. below full employment b. equal to full employment c. above full employment d. is the unemployment rate above, below, or equal to the natural rate of unemployment?

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Suppose the economy begins in long run equilibrium. then, suppose that farmers in the midwest exper...