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

Author Question: If the economy is operating at a point at which short-run aggregate supply is horizontal, then A) ... (Read 77 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jun 29, 2018
If the economy is operating at a point at which short-run aggregate supply is horizontal, then
 
  A) real GDP cannot expand.
  B) real GDP cannot contract.
  C) increases in aggregate demand do not increase the price level.
  D) then increases in aggregate demand do not increase real GDP.

Question 2

All of the following are characteristics of a monopolistically competitive industry EXCEPT
 
  A) homogeneous products.
  B) many firms.
  C) low barriers to entry and exit.
  D) sales promotion and advertising.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jun 29, 2018
Wow, this really help

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

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?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

blood supply blood supply
Ulysses S. Grant poses at City Point, Virginia, during the siege of Petersburg. Ulysses S. Grant poses at City Point, Virginia, during the siege of Petersburg.
The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ... The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ...
Effect of Winds on Horizontal Transport Effect of Winds on Horizontal Transport
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Decimal Values as They Relate to the Location of the Decimal Point Decimal Values as They Relate to the Location of the Decimal Point
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library