This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At long-run macroeconomic equilibrium, ________. A) an inflationary gap exists B) real GDP ... (Read 76 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
At long-run macroeconomic equilibrium, ________.
 
  A) an inflationary gap exists
  B) real GDP equals potential GDP
  C) a recessionary gap exists
  D) real GDP is less than potential GDP but is as close as it is possible to be

Question 2

The market supply curve shows the
 
  A) minimum price suppliers must receive in order to produce another unit of the good.
  B) maximum price suppliers must receive in order to produce another unit of the good.
  C) amount of producer surplus suppliers receive.
  D) profit that suppliers receive from producing another unit of the good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


schs14

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
long bone long bone
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Composition of a long bone Composition of a long bone
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Long bone formation Long bone formation
Video: Mitosis step-by-step

For a complete list of videos, visit our video library