This topic contains a solution. Click here to go to the answer

Author Question: If the economy is operating at a point at which short-run aggregate supply is horizontal, then A) ... (Read 71 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
If the economy is operating at a point at which short-run aggregate supply is horizontal, then
 
  A) real GDP cannot expand.
  B) real GDP cannot contract.
  C) increases in aggregate demand do not increase the price level.
  D) then increases in aggregate demand do not increase real GDP.

Question 2

All of the following are characteristics of a monopolistically competitive industry EXCEPT
 
  A) homogeneous products.
  B) many firms.
  C) low barriers to entry and exit.
  D) sales promotion and advertising.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

C

Answer to Question 2

A




Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library