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

Author Question: The long-run aggregate supply of an economy at the potential level of real GDP is graphically ... (Read 82 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The long-run aggregate supply of an economy at the potential level of real GDP is graphically represented by:
 a. a horizontal line.
  b. an upward-sloping curve.
  c. a downward-sloping curve.
  d. a vertical line.
  e. a backward bending curve.

Question 2

Many people have heard that the stock market rises when a team from the National Football Conference (NFC) wins the Super Bowl, and falls when a team from the American Football Conference (AFC) is victorious. If you conclude that there is a causal relationship between the outcome of the Super Bowl and stock prices, you probably are:
 a. confusing correlation with causation.
 b. committing the fallacy of composition.
 c. confusing the direction of causality, since everyone knows that stock prices determine which team wins the Super Bowl.
  d. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Wow, this really help

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
This wheel presentation is helpful for the detection of potential amphipathic helices This wheel presentation is helpful for the detection of potential amphipathic helices
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
The IPCC projects sea level rise The IPCC projects sea level rise
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library