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

Author Question: Time lags occur when which of the following questions is asked? A) Where is the economy now? B) ... (Read 26 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
Time lags occur when which of the following questions is asked?
 
  A) Where is the economy now?
  B) Where is the economy going?
  C) How long will it take for a correct policy to be implemented?
  D) All of the above.
  E) None of the above.

Question 2

What are the key functions of the equilibrium price in a perfectly competitive market?
 
  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

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

There are three key functions of equilibrium price in a perfectly competitive market. They are:
a) The equilibrium price efficiently allocates scarce resources to market participants.
b) The equilibrium price efficiently allocates the production of goods within an industry.
c) The equilibrium price efficiently allocates scarce resources across industries.


lunatika

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Excellent

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th
Primates exhibit prolonged life histories, spending more time in each stage of life than most other Primates exhibit prolonged life histories, spending more time in each stage of life than most other
An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
The environmental policy changes over time The environmental policy changes over time
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
I need help with this soon please (16 questions) I need help with this soon please (16 questions)
Video: Definition of heart rate

For a complete list of videos, visit our video library