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

Author Question: Long-run equilibrium will occur at the price level at which A) the aggregate demand and long-run ... (Read 153 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Long-run equilibrium will occur at the price level at which
 
  A) the aggregate demand and long-run aggregate supply curves intersect.
  B) the short-run aggregate supply and long-run aggregate supply curves intersect.
  C) the long-run aggregate demand and short-run aggregate supply curves intersect.
  D) the aggregate demand and short-run aggregate supply curves intersect.

Question 2

If the price level kept increasing, the short-run aggregate supply (SRAS) curve would get steeper because
 
  A) all the unemployed would eventually be hired.
  B) the long-run aggregate supply curve is horizontal.
  C) there are limits to how long workers can work long hours and capital can go without proper maintenance.
  D) the rate at which capacity can be expanded increases indefinitely.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


tth

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
:D TYSM

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Wow, this really help

« 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?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

A cross of sweet peas showing that independent assortment does not always occur A cross of sweet peas showing that independent assortment does not always occur
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
Alan Price - Poor People Alan Price - Poor People
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Definition of heart rate

For a complete list of videos, visit our video library