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

Author Question: If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ... (Read 54 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ____ and LRAS is ____.
 a. upward sloping: vertical
 b. upward sloping; upward sloping
  c. vertical; vertical
 d. vertical; upward sloping

Question 2

Which of the following will be observed if the U.S. federal government reduces fiscal spending, keeping other things constant?
 a. The aggregate demand curve will shift to the right.
  b. The aggregate expenditure in the economy will decrease.
  c. The economy will approach potential GDP.
  d. The marginal propensity to consume will increase.
  e. The average price level will increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

The effect of thyroid hormones on tadpole development The effect of thyroid hormones on tadpole development
Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
Effect of antidiuretic hormone deficiency. Effect of antidiuretic hormone deficiency.
The effect of thermal expansion The effect of thermal expansion
Effect of “Moral Restraint” in the Malthusian Model Effect of “Moral Restraint” in the Malthusian Model
Short form of amino acids Short form of amino acids
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library