This topic contains a solution. Click here to go to the answer

Author Question: The short-run aggregate supply curve is horizontal if A) resources were fully utilized. B) there ... (Read 297 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
The short-run aggregate supply curve is horizontal if
 
  A) resources were fully utilized.
  B) there are unutilized resources in the economy.
  C) resources are perfectly adaptable between production processes.
  D) there are high inflation rates.

Question 2

Refer to the above figure. A surplus occurs if the government imposes
 
  A) a price floor at 60.
  B) a price floor at 20.
  C) a price ceiling at 60.
  D) a price ceiling at 20.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

B

Answer to Question 2

A




09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
:D TYSM


kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library