« previous next »

Author Question: Keynesian economists today favor a model in which the aggregate supply curve is relatively flat at ... (Read 49 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
Keynesian economists today favor a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes downward as real GDP approaches its potential level.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The government proposes a tax on flowers in order to boost its revenue. Consumers will bear no part of this tax if the:
 a. demand for flowers is perfectly inelastic.
  b. supply of flowers is perfectly elastic.
 c. demand for flowers is perfectly elastic.
  d. demand for flowers is unit elastic.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Model of a Neutron Star’s Interior Model of a Neutron Star’s Interior
Model of the Reading Process Model of the Reading Process
Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f
Type of Interactions, Model, Examples and Dependence of Energy on Distance Type of Interactions, Model, Examples and Dependence of Energy on Distance
Model for the bending of cilia and flagella Model for the bending of cilia and flagella
Video: Monohybrid crosses

For a complete list of videos, visit our video library