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Author Question: In the figure above, the allocatively efficient output of computers is A) 2 million per year. B) ... (Read 110 times)

P68T

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on: Jun 29, 2018
In the figure above, the allocatively efficient output of computers is
 
  A) 2 million per year.
  B) 3 million per year.
  C) 4 million per year.
  D) the largest amount possible.

Question 2

In a short-run macroeconomic equilibrium, potential GDP exceeds real GDP. If aggregate demand does not change, then the
 
  A) short-run aggregate supply curve will shift rightward as the money wage rate falls.
  B) short-run aggregate supply curve will shift leftward as the money wage rate rises.
  C) long-run aggregate supply curve will shift leftward as the money wage rate rises.
  D) long-run aggregate supply curve will shift leftward as the money wage rate falls.


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johnpizzaz

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

B

Answer to Question 2

A


P68T

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

kjohnson

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

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