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

Author Question: If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ... (Read 57 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ____ and LRAS is ____.
 a. upward sloping: vertical
 b. upward sloping; upward sloping
  c. vertical; vertical
 d. vertical; upward sloping

Question 2

Which of the following will be observed if the U.S. federal government reduces fiscal spending, keeping other things constant?
 a. The aggregate demand curve will shift to the right.
  b. The aggregate expenditure in the economy will decrease.
  c. The economy will approach potential GDP.
  d. The marginal propensity to consume will increase.
  e. The average price level will increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Gracias!

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
First-pass effect: (a) drugs are absorbed; (b) drugs enter hepatic portal circulation and go directl First-pass effect: (a) drugs are absorbed; (b) drugs enter hepatic portal circulation and go directl
effect of light on plant effect of light on plant
Ceiling effect of aspirin. A plateau is reached where increasing the dose of aspirin will not create ... Ceiling effect of aspirin. A plateau is reached where increasing the dose of aspirin will not create ...
Effect of Phosphate Pollution Effect of Phosphate Pollution
Greenhouse effect. Greenhouse effect.
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library