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

Author Question: The short-run aggregate supply curve: a. has the same slope as the LRAS. b. shifts only when the ... (Read 82 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The short-run aggregate supply curve:
 a. has the same slope as the LRAS.
 b. shifts only when the LRAS shifts in the same direction.
 c. normally slopes upward to the right because the costs of labor and other inputs are relatively fixed in the short run.
  d. normally has a slope of zero, meaning the curve is horizontal.

Question 2

Other things equal, a reduction in personal income taxes will decrease consumption and will have an expansionary effect on real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kkenney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

supply chain supply chain
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Bell Curve Joke Bell Curve Joke
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Data management short answer q Data management short answer q
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library