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Author Question: In traditional Keynesian economics: a. the aggregate supply curve is vertical. b. the aggregate ... (Read 45 times)

Sufayan.ah

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on: Jun 30, 2018
In traditional Keynesian economics:
 a. the aggregate supply curve is vertical.
  b. the aggregate supply curve is horizontal.
  c. the aggregate supply curve is upward-sloping.
  d. the aggregate demand curve is horizontal.
  e. the aggregate demand curve is vertical.

Question 2

When a product's price increases from 9 to 11, the quantity demanded decreases from 1200 to 800 . Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to:
 a. 0.5.
 b. 2.0.
 c. 0.25.
  d. 4.0.


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Bsand8

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Sufayan.ah

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  • Posts: 512
Reply 2 on: Jun 30, 2018
Excellent

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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