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

Author Question: The relationship between the price level and the real Gross Domestic Product (GDP) without full ... (Read 105 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
The relationship between the price level and the real Gross Domestic Product (GDP) without full adjustment or full information is represented by
 
  A) the distance between the long-run aggregate supply curve and the short-run aggregate supply curve.
  B) the short-run aggregate supply curve.
  C) the long-run aggregate supply curve.
  D) the aggregate demand curve.

Question 2

At tax rates higher than the tax rate that maximizes tax revenues along a Laffer curve
 
  A) an increase in tax rates increases tax revenues.
  B) any variation in tax rates has no effect on tax revenues.
  C) a reduction in tax rates increases tax revenues.
  D) a reduction in tax rates reduces tax revenues.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Medication errors are three times higher among children and infants than with adults.

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.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Basic sliding effleurage using the palms of the hands provides full contact with the leg. Basic sliding effleurage using the palms of the hands provides full contact with the leg.
The relationship between the Golgi complex and lysosomes The relationship between the Golgi complex and lysosomes
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Chromosome structural organization/ Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library