This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply ... (Read 142 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply is 95 billion. We can conclude that
 
  A) the price level will fall and input prices will rise until real GDP pulls long-run aggregate supply up to 100 billion.
  B) aggregate demand will increase until both short-run and long-run aggregate supply equal 100 billion.
  C) the price level will fall until long-run aggregate supply shifts to 100 billion.
  D) input prices will rise until real GDP is 95 billion.

Question 2

If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________.
 
  A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jun 30, 2018
Thank you :)


missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
To reverse the direction of operation, the polarity of the current through the motor is reversed. To reverse the direction of operation, the polarity of the current through the motor is reversed.
Drawing of Central PompeII In Its Current State Drawing of Central PompeII In Its Current State
Who Oversees the Food Supply? Who Oversees the Food Supply?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library