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

Author Question: The short-run aggregate supply curve: a. has the same slope as the LRAS. b. shifts only when the ... (Read 28 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The short-run aggregate supply curve:
 a. has the same slope as the LRAS.
 b. shifts only when the LRAS shifts in the same direction.
 c. normally slopes upward to the right because the costs of labor and other inputs are relatively fixed in the short run.
  d. normally has a slope of zero, meaning the curve is horizontal.

Question 2

Other things equal, a reduction in personal income taxes will decrease consumption and will have an expansionary effect on real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kkenney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

blood supply blood supply
Slope Failure and Lithology Slope Failure and Lithology
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Linear dose-response curve Linear dose-response curve
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library