Author Question: The short-run aggregate supply curve in modern Keynesian analysis represents the relationship ... (Read 94 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
The short-run aggregate supply curve in modern Keynesian analysis represents the relationship between
 
  A) the real output of goods and services in the economy and the price level when people have fully adjusted their behavior.
  B) the nominal output of goods and services and the real output of goods and services.
  C) the real output of goods and services in the economy and the price level.
  D) the real output of goods and services in the economy and the price level when people have not fully adjusted their behavior.

Question 2

If consumers' confidence in the economy rises
 
  A) aggregate demand will shift rightward and the price level will rise.
  B) aggregate demand will shift leftward and the price level will fall.
  C) aggregate demand will shift rightward and the price level will fall.
  D) aggregate demand will shift leftward and the price level will rise.



katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

katheyjon

  • Sr. Member
  • ****
  • Posts: 331

 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library