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Author Question: According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern ... (Read 87 times)

nevelica

  • Hero Member
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  • Posts: 563
on: Jun 30, 2018
According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern economy most closely because it assumes that aggregate supply is independent of price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The price of automobiles has increased sharply lately. As a result, automobile dealers have noticed that:
 a. demand has increased.
 b. demand has decreased.
 c. quantity demanded has increased.
  d. quantity demanded has decreased.


millet

  • Sr. Member
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  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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