« previous next »

Author Question: Which of the following is true of the aggregate supply curve? a. It shows the inverse relationship ... (Read 38 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Which of the following is true of the aggregate supply curve?
 a. It shows the inverse relationship between prices and national output.
  b. It shows the positive relationship between the price level and the supply of all goods produced in the economy.
  c. It shows the amount of real GDP consumed at different price levels.
  d. It is a negatively sloped curve that shows the relationship between the price level and the cost of production of firms in the economy.
  e. It shows the positive relationship between price and quantity supplied of an individual good.

Question 2

Ceteris paribus means:
 a. if events A and B occur together, one must cause the other.
  b. all relevant details are included.
 c. what is true for the individual must be true for the whole.
  d. holding other things constant.


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Relationship of the conduction system to an ECG strip. Relationship of the conduction system to an ECG strip.
Reconstructed Australopithecus afarensis spine shows that species walked upright. Reconstructed Australopithecus afarensis spine shows that species walked upright.
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
The relationship between the Golgi complex and lysosomes The relationship between the Golgi complex and lysosomes
A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library