2015/05/09

Fushin 11th 學生問AP 宏觀 (Macro economy) 真題解析:

Fushin 11th 學生問AP 宏觀 (Macro economy) 真題解析:

The answer is (E)

if Government or Fed did nothing, Economy will adjust itself in the long run (Classical school theory).. With the higher price level intersected by SRAS and AD, the input price (cost) will be higher to shift hte SRAS to the left, intersecting SRAS+LRAS+AD.. to attain the long-run equilibrim with GDP (full employment)