« previous next »

Author Question: The short-run aggregate supply curve is positively sloped. Which of the following is not one of the ... (Read 53 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The short-run aggregate supply curve is positively sloped. Which of the following is not one of the explanations given in the text?
 a. the misperception effect
 b. Sticky wage theory
 c. market effect
 d. All of the above are explanations of the profit effect.

Question 2

Which of the following is associated with an increase in the average price level?
 a. A decrease in the aggregate quantity demanded
  b. An increase in the aggregate quantity demanded
  c. A leftward shift of the aggregate demand curve
  d. A decrease in the aggregate quantity supplied
  e. Aggregate quantity demanded remains unchanged but the aggregate expenditures curve shifts leftward.


Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Pasteur's Experiment

For a complete list of videos, visit our video library