« previous next »

Author Question: Does a rise in the price level bring a movement along the aggregate supply curve or does it shift ... (Read 136 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Does a rise in the price level bring a movement along the aggregate supply curve or does it shift the aggregate supply curve?
 
  What will be an ideal response?

Question 2

Which of the following is classified as an intermediate good?
 
  i. the purchase of a Big Mac by a college student
  ii. McDonald's purchase of pickles
  iii. a McDonald's restaurant owner's interest payment for the loan on her building
  A) ii only
  B) ii and iii
  C) i only
  D) i and iii
  E) i, ii and iii
International Economics ¦ Gerber ¦ 6th Edition
Buy Test-Bank


izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A rise in the price level results in an upward movement along the aggregate supply curve. It does not shift the aggregate supply curve.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Mechanoreceptors in the lateral line system that detect changes in water movement. Mechanoreceptors in the lateral line system that detect changes in water movement.
The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
The level in the coolant recovery system raises and lowers with engine temperature. The level in the coolant recovery system raises and lowers with engine temperature.
An Environmental Kuznets Curve An Environmental Kuznets Curve
The Oxyhemoglobin Dissociation Curve The Oxyhemoglobin Dissociation Curve
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library