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Author Question: One reason supply curves have an upward slope is because A) increased supply will require ... (Read 64 times)

hbsimmons88

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One reason supply curves have an upward slope is because
 
  A) increased supply will require increased technology.
  B) to have more of the good supplied requires more firms to open.
  C) people will pay a higher price when less is supplied.
  D) a higher price brings a greater profit, so firms want to sell more of that good.
  E) None of the above answers is correct because supply curves have a downward slope.

Question 2

Aggregate expenditure is equal to
 
  A) C - I - G - NX.
  B) Y + C + I + G + NX.
  C) C + I + G - NX.
  D) C + I + G.
  E) C + I + G + NX.



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trog

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Answer to Question 1

D

Answer to Question 2

E





 

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