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 64 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
:D TYSM

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Blood Supply to the Lungs Blood Supply to the Lungs
Derive the following using the increment/delta method and find its slope Derive the following using the increment/delta method and find its slope
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library