« previous next »

Author Question: Keynesian economists today favor a model in which the aggregate supply curve is relatively flat at ... (Read 20 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
Keynesian economists today favor a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes downward as real GDP approaches its potential level.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The government proposes a tax on flowers in order to boost its revenue. Consumers will bear no part of this tax if the:
 a. demand for flowers is perfectly inelastic.
  b. supply of flowers is perfectly elastic.
 c. demand for flowers is perfectly elastic.
  d. demand for flowers is unit elastic.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Water striders serve as a model organism for the study of sexual conflict between males and females. Water striders serve as a model organism for the study of sexual conflict between males and females.
Axon terminal model Axon terminal model
A flat-tip (straight-blade) screwdriver. The width of the blade should match the width of the slot ... A flat-tip (straight-blade) screwdriver. The width of the blade should match the width of the slot ...
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Holley’s two-dimensional cloverleaf model of transfer RNA Holley’s two-dimensional cloverleaf model of transfer RNA
Demographic transition model for changes in population growth rates and sizes, correlated with long- Demographic transition model for changes in population growth rates and sizes, correlated with long-
Video: Pneumonia Animation

For a complete list of videos, visit our video library