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Author Question: Each point on the supply curve shows the: a. amount that people want to buy at that price. b. ... (Read 72 times)

charchew

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on: Jun 30, 2018
Each point on the supply curve shows the:
 a. amount that people want to buy at that price.
 b. quantity supplied at that price.
 c. productive capacity of an individual producer.
 d. the amount producers want to sell to buyers of different income levels.

Question 2

Which of the following is true when there is a recessionary gap?
 a. Real output exceeds the natural level of real output.
 b. Unemployment exceeds the natural rate of unemployment.
  c. Employment exceeds full employment.
 d. All of the above are true when there is a recessionary gap.


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scikid

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

b

Answer to Question 2

c


charchew

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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