« previous next »

Author Question: The short-run aggregate supply curve is horizontal when A) prices are inflexible and the economy ... (Read 35 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
The short-run aggregate supply curve is horizontal when
 
  A) prices are inflexible and the economy is at full employment.
  B) there are unemployed resources and prices do not increase when aggregate demand increases.
  C) there are unemployed resources and prices do not decrease when aggregate supply increases.
  D) there are no unemployed resources and prices do not increase when aggregate demand or supply increases.

Question 2

A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. This is an example of
 
  A) cyclical unemployment.
  B) frictional unemployment.
  C) seasonal unemployment.
  D) structural unemployment.


nanny

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
The titration curve of acetic acid The titration curve of acetic acid
This bike actually flies—thanks to six horizontal propellers and a battery-powered motor. Changing ... This bike actually flies—thanks to six horizontal propellers and a battery-powered motor. Changing ...
Shoulder Stretch by Horizontal Flexion of Arm. Shoulder Stretch by Horizontal Flexion of Arm.
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
economy manegment economy manegment
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library