This topic contains a solution. Click here to go to the answer

Author Question: The open economy effect and interest rate effect are two of the reasons why A) higher price ... (Read 503 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
The open economy effect and interest rate effect are two of the reasons why
 
  A) higher price levels increase long-run aggregate supply.
  B) growth of the labor force does not contribute to economic growth in wealthy countries.
  C) capital formation does not contribute to economic growth in poor countries.
  D) the aggregate demand curve slopes downward.

Question 2

Refer to the table above. If at a price of 3 per loaf, the market supply of bread is 45 loaves, Seller 3's supply is:
 
  A) 15 units. B) 24 units. C) 18 units. D) 20 units.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

D

Answer to Question 2

C




urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Excellent


ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

For a complete list of videos, visit our video library