Friday
May 29, 2015

Homework Help: Macroeconomics

Posted by Cody on Tuesday, June 19, 2012 at 2:57pm.

Describe how each of the following will affect the equilibrium price level(P) and real output(Y) in the short run(Assume the economy is initially in the long-run equilibrium.)
(a) A reduction in the real interest rate
(b) A widespread fear of deep recession on the part of consumers
(c) An increase in the average wage rate

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members