This topic contains a solution. Click here to go to the answer

Author Question: If the supply of good A is perfectly elastic, a decrease in demand will: a. reduce the equilibrium ... (Read 100 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
If the supply of good A is perfectly elastic, a decrease in demand will:
 a. reduce the equilibrium quantity traded, but leave the price unchanged.
  b. reduce the equilibrium quantity traded, and reduce the price.
 c. reduce the equilibrium price, but leave the quantity traded unchanged.
  d. reduce the equilibrium price traded, but increase the quantity traded.

Question 2

Starting at full employment (RGDPNR),
 a. expansionary monetary policy can potentially result in increased real output, but only in the short run.
 b. expansionary monetary policy can potentially result in increased real output in both the short run and long run.
  c. contractionary monetary policy can potentially result in increased real output, but only in the short run.
 d. contractionary monetary policy can potentially result in increased real output in both the short run and long run.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katara

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

a

Answer to Question 2

a




appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

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.

For a complete list of videos, visit our video library