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

Author Question: The short-run aggregate supply curve is upward sloping because A) a lower price level creates a ... (Read 82 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 29, 2018
The short-run aggregate supply curve is upward sloping because
 
  A) a lower price level creates a wealth effect.
  B) lower taxes motivate people to work more.
  C) money wage rates do not immediately change when the price level changes.
  D) most business firms operate with long-term contracts for output but not labor.

Question 2

Consider the market for dollars. If the exchange rate rises from 2 pesos per dollar to 4 pesos per dollar
 
  A) the supply curve of dollars shifts leftward.
  B) the supply curve of dollars shifts rightward.
  C) there is an upward movement along the supply curve for dollars.
  D) there is a downward movement along the supply curve for dollars.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 29, 2018
:D TYSM

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
Nuclear division at the DNA level Nuclear division at the DNA level
Integration of the F plasmid creates an Hfr strain Integration of the F plasmid creates an Hfr strain
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Effleurage to transition to lower leg-distal to proximal. Apply effleurage with moderate pressure to ... Effleurage to transition to lower leg-distal to proximal. Apply effleurage with moderate pressure to ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
Video: Retina

For a complete list of videos, visit our video library