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Author Question: Explain how menu costs affect the slope of the short-run aggregate supply curve. What will be an ... (Read 95 times)

MGLQZ

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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


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swimkari

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MGLQZ

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


ryhom

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Reply 3 on: Yesterday
Excellent

 

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