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Author Question: When the aggregate supply curve is horizontal (Read 12 times)

nramada

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on: Apr 19, 2019

Question 1

What determines the slope of the aggregate supply curve is


◦ how fast the price of factors of production respond to changes in the price level.
◦ how much more the economy can produce without any change in the price level.
◦ how fast the output level changes after a technological advance.
◦ None of these.

Question 2

When the aggregate supply curve is horizontal


◦ many firms are likely to have excess capacity.
◦ the economy is close to full capacity.
◦ resources are being utilized at full capacity.
◦ the prices level increases with additional production.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nramada on Apr 19, 2019

johnharpe

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nramada

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
Excellent

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