« 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 67 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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

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
Vincent van Gogh, The Night Café. Vincent van Gogh, The Night Café.
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
October 24, 2023 October 24, 2023
Video: Conduction of action potentials

For a complete list of videos, visit our video library