Author Question: If we observe both an increase in the price of flour and in the number of units sold, this could be ... (Read 16 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
If we observe both an increase in the price of flour and in the number of units sold, this could be explained by:
 a. an increase in the demand for flour.
  b. a decrease in the demand for flour.
  c. a decrease in the supply of flour.
 d. an increase in the supply of flour.

Question 2

Supply-side economics stress that:
 a. aggregate demand is the major determinant of real output.
 b. higher tax rates discourage people from working and investing as much as they would at lower tax rates.
  c. an increase in government expenditures and tax rates will cause real income to rise.
 d. expansionary monetary policy will cause real output to expand without accelerating inflation.



popopong

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library