This topic contains a solution. Click here to go to the answer

Author Question: The short-run aggregate supply curve: a. Is a schedule showing the relationship between the price ... (Read 60 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
The short-run aggregate supply curve:
 a. Is a schedule showing the relationship between the price level and the quantity of real GDP supplied.
  b. Is typically upward sloping.
 c. reflects output prices changing relative to input prices.
  d. all of the above

Question 2

The Keynesian aggregate expenditures model assumes that:
 a. production does not adjust to changes in aggregate expenditures.
  b. aggregate supply is autonomous.
  c. prices do not decrease when aggregate demand decreases.
  d. aggregate supply determines the equilibrium level of real GDP.
  e. prices are positively related to aggregate demand.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

d

Answer to Question 2

c




armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

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?

Everyone has one nostril that is larger than the other.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library