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Author Question: If equilibrium in the economy is merely a function of aggregate demand, the aggregate supply curve ... (Read 129 times)

danielfitts88

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on: Jun 30, 2018
If equilibrium in the economy is merely a function of aggregate demand, the aggregate supply curve must be:
 a. upward-sloping.
  b. downward-sloping.
  c. in the Keynesian region.
  d. vertical.
  e. at the full-capacity level.

Question 2

If consumers are less willing and able to pay for each level of output than they were previously, then apparently:
 a. demand has increased.
 b. supply has increased.
 c. demand has decreased.
 d. there has been a movement down along the demand curve.


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janeli

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

c

Answer to Question 2

c


danielfitts88

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Reply 2 on: Jun 30, 2018
Gracias!

lcapri7

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Reply 3 on: Yesterday
:D TYSM

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