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

Author Question: When the production possibilities curve shifts outward, A) the price level rises in the long run. ... (Read 121 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
When the production possibilities curve shifts outward,
 
  A) the price level rises in the long run.
  B) the long-run aggregate supply curve is unchanged.
  C) the long-run aggregate supply curve shifts to the left.
  D) the long-run aggregate supply curve shifts to the right.

Question 2

The values on the axes of the long-run aggregate supply diagram are
 
  A) real GDP and interest rates. B) real GDP per year and the price level.
  C) nominal GDP and the price level. D) real GDP and nominal GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

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

D

Answer to Question 2

B


daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 30, 2018
Correct answers!


jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Four Arch Curve Four Arch Curve
Age and Grammatical Knowledge The challenge of learning a second language rises with age. Source: J Age and Grammatical Knowledge The challenge of learning a second language rises with age. Source: J
Anxiety rises as needs are not met. Without resolution, anxiety may lead to frustration, and then, ... Anxiety rises as needs are not met. Without resolution, anxiety may lead to frustration, and then, ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Otitis Media

For a complete list of videos, visit our video library