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

Author Question: Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply ... (Read 149 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Suppose that the current price level is 110, real GDP is 100 billion, and long-run aggregate supply is 95 billion. We can conclude that
 
  A) the price level will fall and input prices will rise until real GDP pulls long-run aggregate supply up to 100 billion.
  B) aggregate demand will increase until both short-run and long-run aggregate supply equal 100 billion.
  C) the price level will fall until long-run aggregate supply shifts to 100 billion.
  D) input prices will rise until real GDP is 95 billion.

Question 2

If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________.
 
  A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jun 30, 2018
Thank you :)


missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int
Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
What level of barometric pressure effects body? What level of barometric pressure effects body?
Aggregate Fruits: Blackberry Aggregate Fruits: Blackberry
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library