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

Author Question: In traditional Keynesian economics: a. the aggregate supply curve is vertical. b. the aggregate ... (Read 79 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
In traditional Keynesian economics:
 a. the aggregate supply curve is vertical.
  b. the aggregate supply curve is horizontal.
  c. the aggregate supply curve is upward-sloping.
  d. the aggregate demand curve is horizontal.
  e. the aggregate demand curve is vertical.

Question 2

When a product's price increases from 9 to 11, the quantity demanded decreases from 1200 to 800 . Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to:
 a. 0.5.
 b. 2.0.
 c. 0.25.
  d. 4.0.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« 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?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

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.

Traditional animal phylogeny based on body plans. Traditional animal phylogeny based on body plans.
Cloud Types: Vertical Development Cloud Types: Vertical Development
Vertical airflow is associated with cyclones and anticyclones. Vertical airflow is associated with cyclones and anticyclones.
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Economics question Economics question
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library