« previous next »

Author Question: The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic ... (Read 467 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic because
 
  A) a vertical curve does not make economic sense.
  B) prices and wages will never decrease.
  C) the classical model is better in explaining how the economy operates.
  D) some price adjustments do take place in the short run.

Question 2

In the above figure, the profit-maximizing output and price for this monopolistically competitive firm are
 
  A) 10,000 units at a price of 10 per unit.
  B) 10,000 units at a price of 5 per unit.
  C) 13,000 units at a price of 7 per unit.
  D) 12,000 units at a price of 8 per unit.


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Growth of yeast cells in culture fits the logistic growth model. Growth of yeast cells in culture fits the logistic growth model.
Dual Systems Model of Risk-Taking Dual Systems Model of Risk-Taking
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
The Meselson–Radding model for homologous recombination The Meselson–Radding model for homologous recombination
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The threshold model explains the discontinuous distribution of some multifactorial traits. In this m The threshold model explains the discontinuous distribution of some multifactorial traits. In this m
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library