Explain how menu costs affect the slope of the short-run aggregate supply curve.
What will be an ideal response?
Question 2
Absolute poverty measures vary from country to country. For example, in 2015, the poverty line in the United States for a family of four with two children
was an annual income of 24,250 but economists often use a much lower threshold income of 1 per day when calculating the rate of poverty in poor countries. How is this absolute poverty measured?
A) by comparing the amount of goods and services that a household's income can purchase in one country to the amount of goods and services that a household's income can purchase in another country of comparable living standard
B) by comparing the amount of goods and services that a household's income can purchase to an objective measure of the amount of income needed to sustain a certain predetermined standard of living
C) by comparing the percentage of households living below the poverty line to the total population
D) by comparing a household's income to the income required to maintain the average standard of living in a society at a particular time
The titration curve of acetic acid
Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
Sample Menu: Carb Choices
Who Oversees the Food Supply?
Tuition Costs