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MMLU-Pro / 7284 / The economy is currently operating at full employment. Assuming flexible wages…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

The economy is currently operating at full employment. Assuming flexible wages and prices how would a decline in aggregate demand affect GDP and the price level in the short run and GDP and the price level in the long run? SHORT-RUN GDP     SHORT-RUN PRICE LEVEL     LONG-RUN GDP     LONG-RUN PRICE LEVEL

category

economics

options

  1. Falls     No change     No change     Falls
  2. No change     Falls     No change     No change
  3. Falls     Falls     No change     Falls
  4. No change     No change     Falls     Falls
  5. Falls     Falls     Falls     Falls
  6. Falls     Falls     No change     No change
  7. Falls     Falls     Falls     No change
  8. No change     Falls     Falls     No change
  9. Falls     No change     Falls     Falls
  10. No change     No change     No change     Falls

src

ori_mmlu-high_school_macroeconomics

Discussion

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Source and history

upstream_id / Original problem ID
7284
task_id
c16c5fe9-ec41-5159-8873-a61824470766
task_key
default--test--7284
task_revision_id
1
config / split
default / test

Official source

initial import