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Author Question: Each of the following is a determinant of demand except a. tastes. b. production technology. c. ... (Read 35 times)

strangeaffliction

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on: Jun 30, 2018
Each of the following is a determinant of demand except
 a. tastes.
 b. production technology.
 c. expectations.
 d. the prices of related goods.

Question 2

Other things equal, a positive supply shock would
 a. Lower the price level
  b. Increase real output
 c. Shift AD right
 d. Do a. and b. but not c.


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meryzewe

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

b

Answer to Question 2

d


strangeaffliction

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

kilada

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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