« previous next »

Author Question: Does a rise in the price level bring a movement along the aggregate supply curve or does it shift ... (Read 88 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Does a rise in the price level bring a movement along the aggregate supply curve or does it shift the aggregate supply curve?
 
  What will be an ideal response?

Question 2

Which of the following is classified as an intermediate good?
 
  i. the purchase of a Big Mac by a college student
  ii. McDonald's purchase of pickles
  iii. a McDonald's restaurant owner's interest payment for the loan on her building
  A) ii only
  B) ii and iii
  C) i only
  D) i and iii
  E) i, ii and iii
International Economics ¦ Gerber ¦ 6th Edition
Buy Test-Bank


izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A rise in the price level results in an upward movement along the aggregate supply curve. It does not shift the aggregate supply curve.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Possible symbiotic or endosymbiotic relationships that gave rise to the first eukaryotic cells Possible symbiotic or endosymbiotic relationships that gave rise to the first eukaryotic cells
Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
Substrate–level phosphorylation. Substrate–level phosphorylation.
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2)
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library