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Author Question: The data in the above table indicate that the economy will be in a short-run macroeconomic ... (Read 87 times)

Tazate

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on: Jun 29, 2018
The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level
 
  A) between 130 and 121.
  B) between 119 and 111.
  C) of 120.
  D) of 110.

Question 2

Suppose the price of coffee is 3 each, the price of bagels is 2 each and a person's budget is 40. The relative price of coffee is
 
  A) 1.5 bagels.
  B) 2/3 of a bagel.
  C) 13.33 bagels.
  D) 20 bagels.


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pangili4

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Tazate

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  • Posts: 532
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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