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

Author Question: During periods of unemployment A) the economy operates at a point inside the production ... (Read 51 times)

theo

  • Hero Member
  • *****
  • Posts: 698
During periods of unemployment
 
  A) the economy operates at a point inside the production possibilities curve.
  B) the economy operates at a point outside the production possibilities curve.
  C) the production possibilities curve shifts inward.
  D) the production possibilities curve shifts outward.

Question 2

A decrease in aggregate demand will cause
 
  A) prices to fall according to classical economists, and unemployment to increase according to Keynes.
  B) prices to fall and unemployment to increase according to both classical economists and Keynes.
  C) aggregate supply to fall according to classical economists, and prices to fall according to Keynes.
  D) aggregate supply to fall according to Keynes, and unemployment to increase according to classical economists.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Madisongo23

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

A

Answer to Question 2

A




theo

  • Member
  • Posts: 698
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library