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

Author Question: The aggregate supply curve will be vertical when: a. output can be increased without an increase in ... (Read 14 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
The aggregate supply curve will be vertical when:
 a. output can be increased without an increase in the price level.
  b. the economy is operating at full-employment capacity.
  c. output and price level rise together.
  d. the aggregate demand curve is shifting to the left.
  e. aggregate demand is absent.

Question 2

Assuming the economy is in a recession, Keynesian economists predict that:
 a. wages will remain fixed.
 b. monetary policy will sell government securities.
 c. higher wages will shift the short-run aggregate supply curve leftward.
  d. lower wages will shift the short-run aggregate supply curve rightward.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiazhe

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

b

Answer to Question 2

a


luminitza

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
:D TYSM

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Vertical structuring of the oceans is associated with substantial variation in light and temperature Vertical structuring of the oceans is associated with substantial variation in light and temperature
The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library