« previous next »

Author Question: The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic ... (Read 110 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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Model Organism Neurospora Model Organism Neurospora
Heart Model 2 Heart Model 2
Oil drop model of protein folding Oil drop model of protein folding
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Three-Box Model Three-Box Model
The first generation of model organisms in genetic analysis The first generation of model organisms in genetic analysis
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library