Economics Mcqs
Q Suppose the economy is initially in long run equilibrium Then suppose there is a drought that destroys much of the wheat crop if policymakers allow the economy to adjust to long-run equilibrium on its own, according to the model to aggregate demand and aggregate supply what happens to prices and output in the long run ?
  • A A. Output rises; prices are unchanged from the initial value
  • B B. Output and the price level are unchanged from their initial values
  • C C. Output falls; prices are unchanged from the initial value
  • D D. Prices fall; output is unchanged from its initial value
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Word of the Day
24 Jul
Untenable
(especially of a position or view) not able to be maintained or defended against attack or objection.
Ω†Ψ§Ω‚Ψ§Ψ¨Ω„ مدافعΨͺ، غیر Ω…Ψ³ΨͺΨ­Ϊ©Ω…ΨŒ جو Ψ―Ω„ΫŒΩ„ Ψ³Ϋ’ Ψ«Ψ§Ψ¨Ψͺ نہ ہو Ψ³Ϊ©Ϋ’

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