« previous next »

Author Question: What is the underlying assumption of the original, simplified Keynesian model? A) The relevant ... (Read 37 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
What is the underlying assumption of the original, simplified Keynesian model?
 
  A) The relevant range of the short-run aggregate supply curve (SRAS) is vertical.
  B) The relevant range of the aggregate supply curve (AS) is vertical.
  C) The relevant range of the short-run aggregate supply curve (SRAS) is horizontal.
  D) The relevant range of the long-run aggregate supply curve (LRAS) is horizontal.

Question 2

Inflation is best described as a situation in which
 
  A) relative prices are changing.
  B) some prices are rising faster than others.
  C) relative prices are changing, but the purchasing power of the dollar is unchanged.
  D) the average of all prices are on a sustained rise over a period of time.


Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 29, 2018
Correct answers!


Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants. The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants.
Power in the United States: The Model Proposed by C. Wright Mills Power in the United States: The Model Proposed by C. Wright Mills
Model of a purple bacterial reaction center complex Model of a purple bacterial reaction center complex
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
Phrenology model showing areas of the head overlaying brain regions that control different traits. I Phrenology model showing areas of the head overlaying brain regions that control different traits. I
The attenuation model regulating the tryptophan operon The attenuation model regulating the tryptophan operon
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library