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Author Question: An explanation for why the short-run aggregate supply curve is upward-sloping is because: a. the ... (Read 31 times)

soccerdreamer_17

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on: Jun 30, 2018
An explanation for why the short-run aggregate supply curve is upward-sloping is because:
 a. the quantity of real output supplied is inversely related to the aggregate supply curve.
  b. nominal incomes are fixed.
 c. the capital-output ratio is fixed.
 d. an increase in price will increase the marginal aggregate output.

Question 2

Which of the following characterizes the IACs?
 a. High per capita GDP growth and high population growth.
  b. Low per capita GDP growth and low population growth.
  c. Low per capital GDP growth and high savings rate.
  d. Low human capital investment.


Amiracle

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

b

Answer to Question 2

b


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