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Author Question: The long run aggregate supply curve is vertical because A) a change in the level of prices will ... (Read 81 times)

washai

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on: Jun 30, 2018
The long run aggregate supply curve is vertical because
 
  A) a change in the level of prices will have no effect on real output in the long-run.
  B) the production possibilities curve is vertical.
  C) the aggregate demand curve is downward sloping.
  D) technology increases at a constant rate.

Question 2

Say's law argues that
 
  I. overproduction is typical in a market economy.
  II. supply creates its own demand.
  A) I only B) II only C) Both I and II D) Neither I nor II


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helenmarkerine

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

A

Answer to Question 2

B


washai

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

sultansheikh

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Reply 3 on: Yesterday
Excellent

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