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

Author Question: Which of the following is TRUE about the long-run aggregate supply curve? A) It is vertical at ... (Read 105 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
Which of the following is TRUE about the long-run aggregate supply curve?
 
  A) It is vertical at the level of potential GDP.
  B) It shows the relationship between the price level and real GDP when the economy is at full employment.
  C) It does not shift in response to temporary changes in aggregate demand.
  D) All of the above are true.

Question 2

If consumption expenditures are 500 million, net investment is 100 million, depreciation equals 5 million, imports are 50 million, exports are 55 million, government expenditure on goods and services is 220 million, and government transfer
 
  payments are 20 million, then GDP is A) 790 million.
  B) 800 million.
  C) 830 million.
  D) 850 million.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


biggirl4568

  • Hero Member
  • *****
  • Posts: 551
Reply #2 on: Jun 29, 2018
Correct answers!


coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
An Inverted U Curve An Inverted U Curve
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Cloud Types: Vertical Development Cloud Types: Vertical Development
Blood Supply to the Lungs Blood Supply to the Lungs
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Video: Muscular Dystrophy

For a complete list of videos, visit our video library