Author Question: If a good has a perfectly inelastic short-run supply curve, an increase in demand will: a. increase ... (Read 127 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
If a good has a perfectly inelastic short-run supply curve, an increase in demand will:
 a. increase the price and quantity exchanged in the short run.
 b. increase the price and but leave the quantity exchanged the same in the short run.
  c. increase the quantity exchanged but leave the price the same in the short run.
  d. leave both price and quantity exchanged the same in the short run.

Question 2

When Fed policy is being used to offset an inflationary gap, which of interest rates, investment, net exports and aggregate demand moves in the opposite direction from the others?
 a. Aggregate demand.
  b. Investment.
 c. Net Exports.
 d. Interest rates.



kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

For a complete list of videos, visit our video library