Author Question: When quantity demanded decreases in response to a change in price: a. the demand curve shifts to ... (Read 175 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
When quantity demanded decreases in response to a change in price:
 a. the demand curve shifts to the right.
 b. the demand curve shifts to the left.
 c. there is a movement down along the demand curve.
  d. there is a movement up along the demand curve.

Question 2

The short-run aggregate supply curve is drawn with:
 a. the price level on the vertical axis and real GDP on the horizontal axis.
 b. the price level on the vertical axis and nominal GDP on the horizontal axis.
 c. nominal GDP on the vertical axis and real GDP on the horizontal axis.
 d. real GDP on the horizontal axis and the rate of unemployment on the vertical axis.



nathang24

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library