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

Author Question: The long run aggregate supply curve is vertical because A) a change in the level of prices will ... (Read 44 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
The long run aggregate supply curve is vertical because
 
  A) a change in the level of prices will have no effect on real output in the long-run.
  B) the production possibilities curve is vertical.
  C) the aggregate demand curve is downward sloping.
  D) technology increases at a constant rate.

Question 2

Say's law argues that
 
  I. overproduction is typical in a market economy.
  II. supply creates its own demand.
  A) I only B) II only C) Both I and II D) Neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


washai

  • Member
  • Posts: 523
Reply 2 on: Jun 30, 2018
:D TYSM

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

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.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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 ...
Thermodynamic Diagrams and Vertical Temperature Profiles Thermodynamic Diagrams and Vertical Temperature Profiles
Upper-Level Maps Upper-Level Maps
Long-range forecasts Long-range forecasts
Impacts of Climate Change Impacts of Climate Change
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library