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

Author Question: Long-run aggregate supply curve in the classical model A) is a downward sloping line. B) is the ... (Read 101 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Long-run aggregate supply curve in the classical model
 
  A) is a downward sloping line.
  B) is the level of real GDP corresponding to 100 percent labor force participation.
  C) is the level of real GDP corresponding to the natural rate of unemployment.
  D) is determined by the capital stock of the economy, not the labor force.

Question 2

What is TRUE of the aggregate supply curve in the classical model?
 
  A) The aggregate supply curve is downward sloping.
  B) The aggregate supply curve is vertical.
  C) The aggregate supply curve is horizontal.
  D) The aggregate supply curve is not determined by the level of employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nanny

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


brutforce

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Correct answers!


nanny

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p
Features found in a long bone. Features found in a long bone.
Long-wattled Umbrellabird Long-wattled Umbrellabird
A Classical Conditioning Procedure Outside the Laboratory A Classical Conditioning Procedure Outside the Laboratory
Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ... Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ...
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library