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Author Question: The short-run aggregate supply curve shifts leftward when the A) price level increases. B) ... (Read 90 times)

daltonest1984

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  • Posts: 536
on: Jun 29, 2018
The short-run aggregate supply curve shifts leftward when the
 
  A) price level increases.
  B) general level of technology advances.
  C) money wage rate increases.
  D) availability of on-the-job training expands to all workers.

Question 2

If the quantity demanded of hamburgers increases by 20 percent when the price decreases by 5 percent, then the price elasticity of demand is
 
  A) 0.25.
  B) 4.0.
  C) 20.0.
  D) 5.0.


kristenb95

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

C

Answer to Question 2

B


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