Microeconomics

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When the economy produces its potential output, _____ is zero. a. frictional unemployment b. ... Started by sammy	1 Replies 82 Views	Jun 30, 2018 by helenmarkerine
The potential output of an economy is: a. the output level at which inflation is very high. b. the ... Started by eruditmonkey@yahoo.com	1 Replies 77 Views	Jun 30, 2018 by amynguyen1221
Cyclical unemployment in an economy will be zero when: a. there is an expansionary gap in the ... Started by mspears3	1 Replies 125 Views	Jun 30, 2018 by DylanD1323
If the price level in the current year is much higher than the expected price level, _____. a. ... Started by tnt_battle	1 Replies 137 Views	Jun 30, 2018 by al
When the economy's actual price level exceeds the expected price level in the short run: a. the ... Started by cherise1989	1 Replies 160 Views	Jun 30, 2018 by underwood14
Potential output depends on all of the following except one. Which is the exception? a. The supply ... Started by berenicecastro	1 Replies 76 Views	Jun 30, 2018 by CAPTAINAMERICA
The fact that some resource prices are fixed by contracts help explain why firms: a. increase ... Started by B	1 Replies 80 Views	Jun 30, 2018 by manuelcastillo
In constructing the short-run aggregate supply curve, we define the short run as the period in ... Started by ssal	3 Replies 66 Views	Jun 30, 2018 by meltdown117
In constructing a short-run aggregate supply curve, we assume that the goal of business is to: a. ... Started by Pea0909berry	1 Replies 60 Views	Jun 30, 2018 by kardosa007
The short run is a period of time during which: a. there is an expansionary gap that cannot be ... Started by fnuegbu	1 Replies 71 Views	Jun 30, 2018 by jessicaduplan
If the price level in an economy turns out to be higher than that expected by workers and firms, ... Started by moongchi	1 Replies 72 Views	Jun 30, 2018 by mathjasmine
If the actual price level is less than the expected price level reflected in long-term contracts, ... Started by DelorasTo	1 Replies 125 Views	Jun 30, 2018 by IAPPLET
Given implicit or explicit resource price agreements, if the actual price level is below the ... Started by leo leo	1 Replies 88 Views	Jun 30, 2018 by janeli
When the actual price level in an economy turns out to be lower than that expected in the short run, ... Started by genevieve1028	1 Replies 89 Views	Jun 30, 2018 by smrerig
The short-run aggregate supply curve shows a(n): a. direct relationship between the expected price ... Started by lbcchick	1 Replies 93 Views	Jun 30, 2018 by Qarqy
The short-run aggregate supply curve: a. is positively sloped. b. is negatively sloped. c. is a ... Started by 09madisonrousseau09	3 Replies 350 Views	Jun 30, 2018 by angrybirds13579
The slope of the short-run aggregate supply curve depends on how sharply: a. the marginal cost of ... Started by lb_gilbert	1 Replies 59 Views	Jun 30, 2018 by mcni194
Which of the following is true if marginal costs increase at a slow rate as output increases? a. ... Started by SGallaher96	1 Replies 62 Views	Jun 30, 2018 by nmyers
Which of these is not assumed to be constant along a short-run aggregate supply curve? a. The ... Started by TFauchery	1 Replies 57 Views	Jun 30, 2018 by amy.lauersdorf90
Which of the following explains the shape of the short-run aggregate supply curve? a. The inverse ... Started by big1devin	1 Replies 84 Views	Jun 30, 2018 by joshbk44
In the short run, there is a positive relationship between: a. inflation and unemployment. b. ... Started by savannahhooper	1 Replies 77 Views	Jun 30, 2018 by randomguy133
The long run is the period of time during which: a. real wage is exactly equal to nominal wage. b. ... Started by abc	1 Replies 136 Views	Jun 30, 2018 by Brenm
In the aggregate demandaggregate supply model, which of these changes is most likely when the cost ... Started by stock	1 Replies 70 Views	Jun 30, 2018 by juicepod
Suppose the actual and expected price levels in an economy are initially equal. However, the actual ... Started by imowrer	3 Replies 124 Views	Jun 30, 2018 by jxjsniuniu
When actual output increases the potential output, _____. a. more resources become unemployed. b. ... Started by karen	1 Replies 109 Views	Jun 30, 2018 by Mollythedog