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

Author Question: Refer to Figure 15-12. In the dynamic AD-AS model, if the economy is at point A in year 1 and is ... (Read 119 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jun 29, 2018
Refer to Figure 15-12. In the dynamic AD-AS model, if the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues no policy, then at point B
 
  A) there is pressure on wages and prices to fall.
  B) the unemployment rate is greater than the natural rate of unemployment.
  C) firms are producing above capacity.
  D) incomes and profits are falling.

Question 2

What is meant by fixed cost? What kinds of things might be included in fixed cost?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Fixed cost is any cost that does not depend on the firm's level of output. These costs are incurred even if the firm is producing nothing. Examples would include payments on a long-term lease, insurance premiums, and contract obligations for some workers.


chads108

  • Member
  • Posts: 507
Reply 2 on: Jun 29, 2018
Wow, this really help

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

The logistic growth model does not describe all populations. The logistic growth model does not describe all populations.
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
One-point linear perspective. One-point linear perspective.
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
Model for translocon function Model for translocon function
A 0.51 m aqueous solution of an unknown solute has a boiling point elevation of 0.62°C. The ... A 0.51 m aqueous solution of an unknown solute has a boiling point elevation of 0.62°C. The ...
Video: Otitis Media

For a complete list of videos, visit our video library