« previous next »

Author Question: When aggregate demand meets aggregate supply in the horizontal portion of the aggregate supply ... (Read 154 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
When aggregate demand meets aggregate supply in the horizontal portion of the aggregate supply curve,
 
  A) a decrease in demand will cause prices to rise but no change in output.
  B) a decrease in demand will cause output to rise but no change in prices.
  C) a decrease in demand will cause prices to fall but no change in output.
  D) a decrease in demand will cause output to fall but no change in prices.

Question 2

The United States' comparative advantage over Japan in the production of rock-n-roll music implies that (for a similar quality of music) the
 
  A) opportunity cost of production is less in Japan.
  B) absolute cost of production is less in the United States.
  C) absolute cost of production is less in Japan.
  D) opportunity cost of production is less in the United States.
International Economics ¦ Gerber ¦ 6th Edition
Buy Test-Bank


quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Horizontal Drilling Horizontal Drilling
This bike actually flies—thanks to six horizontal propellers and a battery-powered motor. Changing ... This bike actually flies—thanks to six horizontal propellers and a battery-powered motor. Changing ...
The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ... The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ...
Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ... Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Comparison of Portion Sizes of Common Foods Comparison of Portion Sizes of Common Foods
Video: Phases of mitosis

For a complete list of videos, visit our video library