« previous next »

Author Question: What is the underlying assumption of the original, simplified Keynesian model? A) The relevant ... (Read 78 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
What is the underlying assumption of the original, simplified Keynesian model?
 
  A) The relevant range of the short-run aggregate supply curve (SRAS) is vertical.
  B) The relevant range of the aggregate supply curve (AS) is vertical.
  C) The relevant range of the short-run aggregate supply curve (SRAS) is horizontal.
  D) The relevant range of the long-run aggregate supply curve (LRAS) is horizontal.

Question 2

Inflation is best described as a situation in which
 
  A) relative prices are changing.
  B) some prices are rising faster than others.
  C) relative prices are changing, but the purchasing power of the dollar is unchanged.
  D) the average of all prices are on a sustained rise over a period of time.


Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 29, 2018
Correct answers!


Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Noll's DNase-I digestion experiment, which verified the beads-on-a-string model of DNA compacti Noll's DNase-I digestion experiment, which verified the beads-on-a-string model of DNA compacti
Lab: Paramecium Model Lab: Paramecium Model
The Murphy–Moller wellness model. The Murphy–Moller wellness model.
Model of cI repressor binding to DNA Model of cI repressor binding to DNA
The epigenetic stem cell model proposes that both epigenetic changes The epigenetic stem cell model proposes that both epigenetic changes
Allyl isothiocyanate, ball and stick model Allyl isothiocyanate, ball and stick model
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library