« previous next »

Author Question: If a good has a perfectly inelastic short-run supply curve, an increase in demand will: a. increase ... (Read 114 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

vinney12

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 30, 2018
Thank you


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

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?

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?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library