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

Author Question: What is most affected by the expected rate or pace of economic growth? A) investment spending B) ... (Read 91 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
What is most affected by the expected rate or pace of economic growth?
 
  A) investment spending B) government purchases
  C) unemployment D) exports

Question 2

Explain why the long-run aggregate supply curve is vertical.
 
  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

macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

In the long run, the economy operates at full employment, and changes in the price level do not affect employment. Because the level of full-employment output does not depend on the price level, long-run aggregate supply is unaffected by the price level, and so is vertical.


madam-professor

  • Member
  • Posts: 584
Reply 2 on: Jun 30, 2018
:D TYSM

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Animal extinctions and human population growth. Animal extinctions and human population growth.
Growth of arg Mutants in Response to Supplements Growth of arg Mutants in Response to Supplements
Elrathia kingii growth series with holaspids ranging from 16.2 mm to 39.8 mm in length Elrathia kingii growth series with holaspids ranging from 16.2 mm to 39.8 mm in length
Policies on fertility and population growth Policies on fertility and population growth
Target Heart Rate Target Heart Rate
Researchers and Research Spending, 2009 Researchers and Research Spending, 2009
Video: Mitosis step-by-step

For a complete list of videos, visit our video library