Fill This Form To Receive Instant Help
Homework answers / question archive / In new classical economics, the change in output caused by a "price-level surprise": a
In new classical economics, the change in output caused by a "price-level surprise":
a. Is shown as a shift of the long-run aggregate supply curve,
b. Is soon reversed through a shift of the short-run aggregate supply curve,
c. Permanently changes the rate of unemployment,
d. Does not alter the rate of unemployment, even in the short run.
Already member? Sign In