文件济简介管理jungwonyeo第2学期.pdfVIP

Econ 001- Intro Econ Singapore Management University Jungwon Yeo Term 2, 2013/14 Answer Key to SG Problem Set 11 PART I: Review Questions 1.b 2. False (When there is a recession, self-correcting mechanism comes with rightward shift of AS curve. A rightward shift of AS curve leads to a decrease in the price level. Refer to 8 of Lecture 11) 3. True (When there is a recession, unemployment rate is h