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 134 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
:D TYSM


pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library