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

Author Question: Long-run aggregate supply curve in the classical model A) is a downward sloping line. B) is the ... (Read 49 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Long-run aggregate supply curve in the classical model
 
  A) is a downward sloping line.
  B) is the level of real GDP corresponding to 100 percent labor force participation.
  C) is the level of real GDP corresponding to the natural rate of unemployment.
  D) is determined by the capital stock of the economy, not the labor force.

Question 2

What is TRUE of the aggregate supply curve in the classical model?
 
  A) The aggregate supply curve is downward sloping.
  B) The aggregate supply curve is vertical.
  C) The aggregate supply curve is horizontal.
  D) The aggregate supply curve is not determined by the level of employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nanny

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


brutforce

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Correct answers!


nanny

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Standard Model of Elementary Particles Standard Model of Elementary Particles
Media Practice Model Media Practice Model
Beaker with ibex, dogs, and long-necked birds, from southwest Iran. Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
Risk & Aseptic Processing - RABs Filling Line Risk & Aseptic Processing - RABs Filling Line
The original Supply and Demand graph The original Supply and Demand graph
Reverse Genetics Approaches in Model Genetic Organisms Reverse Genetics Approaches in Model Genetic Organisms
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library