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 72 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
Excellent

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Nancy Rubins, Pleasure Point. Nancy Rubins, Pleasure Point.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
The air flowing into the engine can be directed through long or short runners for best performance ... The air flowing into the engine can be directed through long or short runners for best performance ...
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
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
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library