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Author Question: The aggregate supply curve will be vertical when: a. output can be increased without an increase in ... (Read 64 times)

luminitza

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on: Jun 30, 2018
The aggregate supply curve will be vertical when:
 a. output can be increased without an increase in the price level.
  b. the economy is operating at full-employment capacity.
  c. output and price level rise together.
  d. the aggregate demand curve is shifting to the left.
  e. aggregate demand is absent.

Question 2

Assuming the economy is in a recession, Keynesian economists predict that:
 a. wages will remain fixed.
 b. monetary policy will sell government securities.
 c. higher wages will shift the short-run aggregate supply curve leftward.
  d. lower wages will shift the short-run aggregate supply curve rightward.


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xiazhe

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

b

Answer to Question 2

a


luminitza

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cici

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Reply 3 on: Yesterday
:D TYSM

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