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

Author Question: According to the classical model, the income generated by production is A) always insufficient to ... (Read 85 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
According to the classical model, the income generated by production is
 
  A) always insufficient to purchase all the goods and services produced.
  B) enough to purchase all the goods and services produced.
  C) fully spent on savings.
  D) enough to meet the needs of everyone in society.

Question 2

The long-run aggregate supply curve occurs at the level of real GDP consistent with
 
  A) no inflation. B) the natural rate of unemployment.
  C) individuals' tastes and preferences. D) low levels of inflation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Excellent

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Heart Model Heart Model
A Simple Model of the Learning Process A Simple Model of the Learning Process
Three-dimensional model of DNA. Three-dimensional model of DNA.
Model of a complex systems Model of a complex systems
Determination of Income Inequality Determination of Income Inequality
Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ... Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ...
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library