IB Economics Unit 3.1: Macroeconomics - Economic Output, AD & AS (id: 4ff717d58)

本题目来源于试卷: IB Economics Unit 3.1: Macroeconomics - Economic Output, AD & AS，类别为 IB经济学

[单选题]

In the new classical model, AD increases to $A{D}_1$and the economy reaches a short-run equilibrium at point X.
Identify the long-run equilibrium point in the diagram and what causes the economy to adjust to this position.

A. Long Run is Y,Cause of adjustment is Workers accept lower wages
B. Long Run is W,Cause of adjustment is Workers accept higher wages
C. Long Run is W,Cause of adjustment is Workers demand higher wages
D. Long Run is Y,Cause of adjustment is Workers demand higher wages


参考答案:  D


本题详细解析:
At point X, the economy is experiencing an inflationary gap in the s) z jnw42 8ldmrvj,kr8hort run due to the shift nzvwk)rrd 8,4jl82j mof AD to $A{D}_1$ In the long run, the higher average price level will push workers to demand higher wages, which increases costs of production for businesses and shifts SRAS leftward to $SRA{S}_1$ , bringing the economy back to full employment at point Y.

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