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 121 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?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

supply chain supply chain
True Friendship True Friendship
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Use palms and fingers to brush off along the back of the body from shoulders to feet with long ... Use palms and fingers to brush off along the back of the body from shoulders to feet with long ...
Brush off the back. Apply several long brushing strokes from head to hips to finish the session. Brush off the back. Apply several long brushing strokes from head to hips to finish the session.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library