问题 单项选择题

If the economy is in short-run disequilibrium below full employment, the most likely explanation is that: ()

A. aggregate demand has decreased.

B. long-run aggregate supply has decreased.

C. resource prices have decreased.

答案

参考答案:A

解析:

A decrease in aggregate demand can reduce output below its full-employment level. A decline in long-run aggregate supply would mean the full-employment output level itself has decreased. Resource prices and wage rates are assumed to be fixed in the short run, but the long-run effect of decreases in wage rates and resource prices would be to increase (shift) short-run aggregate supply, leading to an increase in output.

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