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Author Question: In the simple Keynesian portion of the upward sloping short-run aggregate supply curve A) ... (Read 140 times)

Tazate

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on: Jun 29, 2018
In the simple Keynesian portion of the upward sloping short-run aggregate supply curve
 
  A) equilibrium real GDP is demand-determined.
  B) equilibrium real GDP is supply-determined.
  C) equilibrium real GDP is neither determined by aggregate supply nor by aggregate demand.
  D) equilibrium real GDP is determined by both aggregate supply and aggregate demand.

Question 2

A cutback in the space program due to a slow economy causes an increase in unemployment among aeronautical engineers. This is an example of
 
  A) cyclical unemployment.
  B) frictional unemployment.
  C) seasonal unemployment.
  D) structural unemployment.


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yeungji

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Tazate

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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