This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the supply of good A is perfectly elastic, a decrease in demand will: a. reduce the equilibrium ... (Read 92 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Gracias!

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
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
Peanut butter is good source of protein Peanut butter is good source of protein
Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Video: Coronary Heart Disease

For a complete list of videos, visit our video library