« previous next »

Author Question: The long-run aggregate supply curve shows the A) maximum GDP the nation will ever produce. B) ... (Read 72 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
The long-run aggregate supply curve shows the
 
  A) maximum GDP the nation will ever produce.
  B) full-employment level of real GDP.
  C) level of real GDP associated with a constant price level.
  D) level of output at which real GDP equals nominal GDP.

Question 2

The quantity of labor supplied depends on the
 
  A) money wage rate not the real wage rate.
  B) real wage rate not the money wage rate.
  C) price of output not the money wage rate nor the real wage rate.
  D) level of profits.


leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

The U.S. Long-Term Ecological Research (LTER) network. The U.S. Long-Term Ecological Research (LTER) network.
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Long-range forecasts Long-range forecasts
Long stroke used in lymphatic facilitation. Long stroke used in lymphatic facilitation.
Active solar technologies use for heat, cool, and produce electricity Active solar technologies use for heat, cool, and produce electricity
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library