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Author Question: The short-run aggregate supply curve: a. is positively sloped. b. is negatively sloped. c. is a ... (Read 69 times)

09madisonrousseau09

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on: Jun 30, 2018
The short-run aggregate supply curve:
 a. is positively sloped.
 b. is negatively sloped.
 c. is a vertical line parallel to the price level axis.
 d. is a horizontal line parallel to the output axis.
 e. is a ray from the origin with slope exactly equal to 1.

Question 2

Which one of these statements is correct?
 a. The lower the interest rate, the higher the opportunity cost of holding assets in the form of money.
  b. The quantity of money supplied is independent of the interest rate.
 c. The larger the supply of money, the higher the interest rate, all things equal.
 d. Travelers checks and government bonds are equally liquid assets.
 e. The demand for money increases whenever the price level decreases.


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angrybirds13579

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


09madisonrousseau09

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Reply #2 on: Jun 30, 2018
Correct answers!


angrybirds13579

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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