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Author Question: A tariff is the same as a quota. Indicate whether the statement is true or ... (Read 30 times)

burton19126

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on: Jun 29, 2018
A tariff is the same as a quota.
 
  Indicate whether the statement is true or false

Question 2

When the price level rises from 110 to 115, the aggregate level of GDP supplied rises from 80 billion to 120 billion.
 
  This ________ relationship represents the ________ relationship between the quantity of real GDP firms are willing to supply and the price level.
  A) positive; short-run B) negative; short-run
  C) positive; long-run D) negative; long-run


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SAUXC

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

FALSE

Answer to Question 2

A


burton19126

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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