« previous next »

Author Question: The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic ... (Read 393 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic because
 
  A) a vertical curve does not make economic sense.
  B) prices and wages will never decrease.
  C) the classical model is better in explaining how the economy operates.
  D) some price adjustments do take place in the short run.

Question 2

In the above figure, the profit-maximizing output and price for this monopolistically competitive firm are
 
  A) 10,000 units at a price of 10 per unit.
  B) 10,000 units at a price of 5 per unit.
  C) 13,000 units at a price of 7 per unit.
  D) 12,000 units at a price of 8 per unit.


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Water striders serve as a model organism for the study of sexual conflict between males and females. Water striders serve as a model organism for the study of sexual conflict between males and females.
A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Media Practice Model Media Practice Model
Elementary particles included in the Standard Model Elementary particles included in the Standard Model
The original Supply and Demand graph The original Supply and Demand graph
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library