Author Question: An implication of the long-run aggregate supply curve is that continuous increases in the money ... (Read 66 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
An implication of the long-run aggregate supply curve is that continuous increases in the money supply will result in continuous
 
  A) increases in price level. B) increases in output and price level.
  C) decreases in output and price level. D) decreases in output.

Question 2

Suppose that in 2011, 4 million plasma TVs were purchased at 950 each, while in 2012, 3 million plasma TVs were purchased at 800 each. What might have caused this change?
 
  A) The price of LCD TVs (a substitute for plasma TVs) fell.
  B) The price of LCD TVs (a substitute for plasma TVs) rose.
  C) Plasma TV manufacturing technology decreased.
  D) Plasma TV manufacturing technology increased.


ricroger

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

For a complete list of videos, visit our video library