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

Author Question: The short-run aggregate supply curve is horizontal if A) resources were fully utilized. B) there ... (Read 69 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Who's Policing the Food Supply? Who's Policing the Food Supply?
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library