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

Author Question: In traditional Keynesian economics: a. the aggregate supply curve is vertical. b. the aggregate ... (Read 75 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
In traditional Keynesian economics:
 a. the aggregate supply curve is vertical.
  b. the aggregate supply curve is horizontal.
  c. the aggregate supply curve is upward-sloping.
  d. the aggregate demand curve is horizontal.
  e. the aggregate demand curve is vertical.

Question 2

When a product's price increases from 9 to 11, the quantity demanded decreases from 1200 to 800 . Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to:
 a. 0.5.
 b. 2.0.
 c. 0.25.
  d. 4.0.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
Gracias!

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Traditional animal phylogeny based on body plans. Traditional animal phylogeny based on body plans.
Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Traditional liquor: K-soot Traditional liquor: K-soot
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Aggregate Fruits: Strawberry Aggregate Fruits: Strawberry
Video: DNA close up Animation

For a complete list of videos, visit our video library