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 288 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
:D TYSM

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Resources related to safety Resources related to safety
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Blood Supply to the Lungs Blood Supply to the Lungs
Please fully explain in detail Please fully explain in detail
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library