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

Author Question: Which of the following statements is NOT an assumption underlying the production possibilities ... (Read 107 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Which of the following statements is NOT an assumption underlying the production possibilities curve?
 
  A) Resources are fully and efficiently employed.
  B) Technology is fixed.
  C) Production occurs over some specified time period.
  D) The amount of resources available for production can be changed quickly.

Question 2

In the classical model, high unemployment due to a change in aggregate demand
 
  A) can persist for an indefinite period of time.
  B) will return to its normal level quickly as wages adjust.
  C) will persist if due to a supply shock but not if due to a demand shock.
  D) never exists because unemployment can never deviate from its normal level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Excellent

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Abiotic production of biomolecules Abiotic production of biomolecules
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Oil and Natural Gas Production from More Wells in Smaller Areas Oil and Natural Gas Production from More Wells in Smaller Areas
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library