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Author Question: Which of the following scenarios would prompt producers to supply less now than they otherwise would ... (Read 36 times)

oliviahorn72

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on: Jun 30, 2018
Which of the following scenarios would prompt producers to supply less now than they otherwise would have?
 a. Producers expecting a higher price in the future
  b. Producers expecting prices to remain unchanged
  c. Producers expecting a lower price in the future
  d. Producers expecting prices to be volatile

Question 2

If there is currently a recessionary gap:
 a. The price level will tend to rise.
  b. Real output will tend to fall.
 c. Both a. and b. will occur.
 d. None of the above will occur.


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Sweetkitty24130

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


oliviahorn72

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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