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

Author Question: The Keynesian short-run aggregate supply curve is horizontal because A) it represents Say's law. ... (Read 79 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
The Keynesian short-run aggregate supply curve is horizontal because
 
  A) it represents Say's law.
  B) it reflects wage and price inflexibility.
  C) it represents the full employment level of real GDP.
  D) it reflects the absence of money illusion.

Question 2

Refer to the table above. What is the average monthly wage?
 
  A) 612 B) 650 C) 558 D) 450


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


stephzh

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Who Oversees the Food Supply? Who Oversees the Food Supply?
The horizontal phase shift of the resultant graph is The horizontal phase shift of the resultant graph is
The Oxyhemoglobin Dissociation Curve The Oxyhemoglobin Dissociation Curve
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library