Author Question: Which of the following will shift the long-run aggregate supply curve to the right? a. Increase in ... (Read 145 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
Which of the following will shift the long-run aggregate supply curve to the right?
 a. Increase in the price level
  b. Increase in the natural rate of unemployment
  c. Decrease in per capita GDP
  d. Increase in the rate of economic growth
  e. Increase in the rate of inflation

Question 2

If a university charged a lower price for tuition during summer school than during the regular session, in search of added total revenue,
 a. administrators likely believe that demand is more elastic during summer school than during the regular session.
  b. administrators likely believe that demand is less elastic during summer school than during the regular session.
  c. it indicates nothing about likely differences in the elasticity of demand during summer school than during the regular session.
  d. administrators likely believe that demand is both lower and less elastic during summer school than during the regular session.



aadams68

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

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.

For a complete list of videos, visit our video library