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

Author Question: When the production possibilities curve shifts outward, A) the price level rises in the long run. ... (Read 65 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
When the production possibilities curve shifts outward,
 
  A) the price level rises in the long run.
  B) the long-run aggregate supply curve is unchanged.
  C) the long-run aggregate supply curve shifts to the left.
  D) the long-run aggregate supply curve shifts to the right.

Question 2

The values on the axes of the long-run aggregate supply diagram are
 
  A) real GDP and interest rates. B) real GDP per year and the price level.
  C) nominal GDP and the price level. D) real GDP and nominal GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 30, 2018
Correct answers!


jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
Titration Curve Titration Curve
Acute Stress, Glucocorticoid Level, Synaptic Plasticity, and Learning Acute Stress, Glucocorticoid Level, Synaptic Plasticity, and Learning
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library