« previous next »

Author Question: The long-run aggregate supply increases as: a. new production technology is introduced. b. the ... (Read 125 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 30, 2018
The long-run aggregate supply increases as:
 a. new production technology is introduced.
  b. the quality of labor declines.
  c. the average price level increases.
  d. natural resources become depleted.
  e. the minimum wage rate increases.

Question 2

The fallacy of composition is essentially the error of:
 a. confusing association with causation.
 b. confusing normative economics with positive economics.
  c. generalizing from the individual to the whole.
 d. omitting relevant variables from an economic model.


missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition
Blood Supply of the Liver Blood Supply of the Liver
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Video: Origin of organelles Animation

For a complete list of videos, visit our video library