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Author Question: The open economy effect and interest rate effect are two of the reasons why A) higher price ... (Read 216 times)

urbanoutfitters

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on: Jun 30, 2018
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.


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brittrenee

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


urbanoutfitters

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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