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Author Question: Which of the following does not describe a pure market economy? a. The choices of buyers and ... (Read 112 times)

yoroshambo

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on: Jun 30, 2018
Which of the following does not describe a pure market economy?
 a. The choices of buyers and sellers determine the market prices of goods and services.
  b. Prices serve as signals to buyers and sellers.
 c. Prices and outputs of most goods and services are stable over time.
 d. Owners of resources in greater demand by others tend to have higher incomes.

Question 2

A change that shifted the long-run aggregate supply curve to the right would also shift the short-run aggregate supply curve to the right.
 a. True
  b. False
  Indicate whether the statement is true or false


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catron30

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

c

Answer to Question 2

True


yoroshambo

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Reply #2 on: Jun 30, 2018
Thank you :)


catron30

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Reply #3 on: Jun 30, 2018
Happy to help you


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