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

Author Question: Which of the following is not held constant in the short run when determining the aggregate supply ... (Read 56 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 30, 2018
Which of the following is not held constant in the short run when determining the aggregate supply curve?
 a. Interest rates
  b. Rent
  c. Wages
  d. Profit
  e. Price level

Question 2

The importance of the ceteris paribus assumption is that it:
 a. allows one to separate normative economic issues from positive economic ones.
 b. allows one to generalize from the whole to the individual.
 c. allows one to analyze the relationship between two variables apart from the influence of other variables.
  d. allows one to hold all variables constant so the economy can be carefully observed in a suspended state.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 30, 2018
Excellent

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Determining an Absorption Spectrum Determining an Absorption Spectrum
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Who's Policing the Food Supply? Who's Policing the Food Supply?
Determining the equation of a triangle median Determining the equation of a triangle median
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library