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

Author Question: Traditional Keynesians argued that when wages are rigid, changes in output result in: a. small ... (Read 31 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
Traditional Keynesians argued that when wages are rigid, changes in output result in:
 a. small changes in goods market prices and a flat aggregate supply curve.
  b. large changes in goods market prices and a flat aggregate supply curve.
  c. large changes in goods market prices and a steep aggregate supply curve.
  d. small changes in goods market prices and a steep aggregate demand curve.
  e. small changes in goods market prices and a horizontal aggregate demand curve.

Question 2

A price cut will increase the total revenue a firm receives if the demand for its product is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
Wow, this really help

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

The specialized arrangement of tissues in the small intestine. The specialized arrangement of tissues in the small intestine.
The small dorsal fin of this blue whale is just visible on the far left. The small dorsal fin of this blue whale is just visible on the far left.
Volvulus. A volvulus results when the small intestine twists, causing an obstruction that can lead t Volvulus. A volvulus results when the small intestine twists, causing an obstruction that can lead t
Life cycle of Ascaris: Adult worms (1) live in the lumen of the small intestine. A female may ... Life cycle of Ascaris: Adult worms (1) live in the lumen of the small intestine. A female may ...
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Absorption Methods in the Small Intestine Absorption Methods in the Small Intestine
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library