This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements is NOT an assumption underlying the production possibilities ... (Read 102 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
Which of the following statements is NOT an assumption underlying the production possibilities curve?
 
  A) Resources are fully and efficiently employed.
  B) Technology is fixed.
  C) Production occurs over some specified time period.
  D) The amount of resources available for production can be changed quickly.

Question 2

In the classical model, high unemployment due to a change in aggregate demand
 
  A) can persist for an indefinite period of time.
  B) will return to its normal level quickly as wages adjust.
  C) will persist if due to a supply shock but not if due to a demand shock.
  D) never exists because unemployment can never deviate from its normal level.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

D

Answer to Question 2

B




Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Gracias!


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Wow, this really help

 

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.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library