SRAS/AD Flashcards

1

The government launches a very expensive program developing a teleportation device

2

The price of oil, a commodity, decreases.

3

The aggregate price level increases by 20%

4

Stock market collapses; investors lose billions

5

Report is released stating that the job market will continue to grow in the foreseeable future

6

The SRAS is downward sloping due to:

7

A teleporting device is invented making the transporting of people and goods more efficient

8

The Fed decreases interest rates

9

The size of existing physical capital is large

10

Government passes a law that all employers must offer healthcare to their employees

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