« previous next »

Author Question: Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and ... (Read 130 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 30, 2018
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
 
  A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.

Question 2

If potential output exceeds actual output, ________ shifts downward over time.
 
  A) the short-run AD curve B) the long-run AD curve
  C) the long-run AS curve D) the short-run AS curve
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


steff9894

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
This girl’s photo illustrates the main features of fetal alcohol syndrome, including a flat nasal ... This girl’s photo illustrates the main features of fetal alcohol syndrome, including a flat nasal ...
Figure-8s on the toes mobilize joints of the foot. Figure-8s on the toes mobilize joints of the foot.
Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers. Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Stimulus (introduction)

For a complete list of videos, visit our video library