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

Author Question: According to new classical school of economics, the aggregate supply curve is: a. horizontal in ... (Read 133 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
According to new classical school of economics, the aggregate supply curve is:
 a. horizontal in both the short run and the long run.
  b. vertical in the short run and upward-sloping in the long run.
  c. upward-sloping in both the short run and the long run.
  d. vertical in both the short run and the long run.
  e. upward-sloping in the short run and vertical in the long run.

Question 2

A perfectly elastic supply curve is:
 a. upward sloping to the right.
 b. downward sloping to the left.
  c. horizontal.
 d. vertical.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

e

Answer to Question 2

c




lindiwe

  • Member
  • Posts: 577
Reply 2 on: Jun 30, 2018
Wow, this really help


Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library