« previous next »

Author Question: Suppose that in October the price of a cup of cafe latte was 2.50 and 400 lattes were consumed. In ... (Read 52 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 30, 2018
Suppose that in October the price of a cup of cafe latte was 2.50 and 400 lattes were consumed. In November the price of a latte was 2.00 and 600 lattes were consumed. What might have caused this change?
 
  A) The price of coffee beans (an input of production of cafe lattes) fell.
  B) The price of coffee beans (an input of production of cafe lattes) rose.
  C) The price of tea (a substitute for cafe lattes) rose.
  D) The price of tea (a substitute for cafe lattes) fell.

Question 2

At full employment, actual ________ equals ________.
 
  A) real GDP; potential GDP
  B) real GDP; nominal GDP
  C) unemployment; zero
  D) potential GDP; nominal GDP
  E) nominal GDP; potential GDP
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


sylvia

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
The gaping hole in the destroyer USS Cole, in the port of Aden, Yemen, was the work of suicide bombe The gaping hole in the destroyer USS Cole, in the port of Aden, Yemen, was the work of suicide bombe
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Bone Healing Animation

For a complete list of videos, visit our video library