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

Author Question: Which of the following statements is TRUE about the long-run and short-run aggregate supply curve in ... (Read 81 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
Which of the following statements is TRUE about the long-run and short-run aggregate supply curve in the classical model?
 
  A) The long-run aggregate supply curve is vertical, and the short-run curve is horizontal.
  B) The long-run aggregate supply curve is not defined, and the short run curve is vertical.
  C) The long-run and short-run curves start out horizontal and eventually become vertical.
  D) The long-run curve is vertical, and there is no short-run curve since all adjustments occur quickly.

Question 2

Which of the following statements is FALSE about the issues faced by the government when contemplating a tax?
 
  A) Consideration must be given to how tax rates relate to the amount actually received.
  B) Consideration must be given to how taxes influence market prices.
  C) Consideration must be given to how taxes influence equilibrium quantity.
  D) Consideration must be given to the amount of funds the government will be receiving from the transfer payments paid by the public to the government.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

D

Answer to Question 2

D




CQXA

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM


kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library