« previous next »

Author Question: If Eric expects to earn more income next month, he may choose to a. save more now and spend less of ... (Read 45 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
If Eric expects to earn more income next month, he may choose to
 a. save more now and spend less of his current income on goods and services.
  b. save less now and spend more of his current income on goods and services.
  c. decrease his current demand for goods and services.
 d. decrease his current demand for goods and services.

Question 2

If the profit effect and misperception effect existed in both the short run and the long run, then SRAS is ____ and LRAS is ____.
 a. upward sloping; upward sloping
  b. upward sloping: vertical
 c. vertical; upward sloping
 d. vertical; vertical


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Use a rubber or padded barrier to save wear and tear on the tabletop. Use a rubber or padded barrier to save wear and tear on the tabletop.
How to choose the right payment plan with changing conditions (Question 3) How to choose the right payment plan with changing conditions (Question 3)
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
How Health Interacts with Income How Health Interacts with Income
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library