« previous next »

Author Question: Which of the following could explain why there is an increase in potential GDP but the equilibrium ... (Read 30 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
Which of the following could explain why there is an increase in potential GDP but the equilibrium level of GDP falls?
 
  A) AD did not shift and SRAS shifted to the left. B) AD shifted to the right by less than SRAS.
  C) SRAS shifted to the right by more than LRAS. D) AD shifted to the right by more than SRAS.

Question 2

Refer to Figure 29-1. Italians cut back on smoking and cut their demand for American cigarettes in half. Assuming all else remains constant, this would be represented as a movement from
 
  A) A to D. B) D to C. C) B to C. D) B to A.


Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

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.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Potential Constitutional Challenges to Loitering, Panhandling, and Sit-Lie Laws Potential Constitutional Challenges to Loitering, Panhandling, and Sit-Lie Laws
Permeability to Ions During the Action Potential Permeability to Ions During the Action Potential
Characteristics of a Neuron at Rest and During the Different Phases of an Action Potential Characteristics of a Neuron at Rest and During the Different Phases of an Action Potential
Potential gas reserves have increased significantly with the discovery of new shale gas formations Potential gas reserves have increased significantly with the discovery of new shale gas formations
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library