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

Author Question: To find an economy's long-run equilibrium price level, locate the point where ________ and ________ ... (Read 87 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 30, 2018
To find an economy's long-run equilibrium price level, locate the point where ________ and ________ cross and look to the left.
 
  A) long-run aggregate supply; aggregate demand B) aggregate demand; short-run aggregate supply
  C) aggregate demand; price level D) demand; supply

Question 2

Assume that the supply curve for a commodity shifts to the right and the demand curve shifts to the left, and the shift in demand is greater than the shift in supply.
 
  Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by:
  A) a lower price and a higher quantity. B) the same price and a lower quantity.
  C) a higher price and a lower quantity. D) a lower price and quantity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mholman93

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Comparison of the level of skin damage as a result of the three different degrees of burns. Comparison of the level of skin damage as a result of the three different degrees of burns.
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
Japan’s Economy and Society Japan’s Economy and Society
Ischemic compression (i.e., direct pressure) to a trigger point in the trapezius muscle. Ischemic compression (i.e., direct pressure) to a trigger point in the trapezius muscle.
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library