« previous next »

Author Question: Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ... (Read 46 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
 a. both the price level and real GDP.
  b. only real GDP.
  c. only the price level.
  d. real GDP and reduce the price level.

Question 2

If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment.
 a. True
  b. False
  Indicate whether the statement is true or false


hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

a0266361136

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 30, 2018
Thank you :)


hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Cheetah at the Werribee Open Range Zoo Cheetah at the Werribee Open Range Zoo
The titration curve of acetic acid The titration curve of acetic acid
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Hockey stick” curve Hockey stick” curve
Range for Functions Range for Functions
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library