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

Author Question: On the long-run aggregate supply curve, A) an increase in the price level increases the level of ... (Read 204 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
On the long-run aggregate supply curve,
 
  A) an increase in the price level increases the level of potential GDP.
  B) an increase in the price level has no effect on the aggregate quantity of GDP supplied.
  C) an increase in the price level reduces the aggregate quantity of GDP supplied.
  D) an increase in the price level increases the aggregate quantity of GDP supplied.

Question 2

Which of the following would increase the current account balance of the United States?
 
  A) an increase in the balance of trade
  B) an increase in imports
  C) an increase in the amount of income U.S. companies pay out to foreigners who own investments in the United States.
  D) an increase in the amount of money the U.S. government sends in foreign aid to other countries



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

B

Answer to Question 2

A




@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

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.

For a complete list of videos, visit our video library