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

Author Question: Suppose that an increase in aggregate demand causes an unplanned depletion in business inventories. ... (Read 93 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
Suppose that an increase in aggregate demand causes an unplanned depletion in business inventories. Which of the following situations will result from this?
 a. The economy moves up the short-run Phillips curve.
  b. The short-run Phillips curve shifts to the right.
  c. The short-run Phillips curve shifts to the left.
  d. The aggregate supply curve shifts to the left.
  e. The economy moves down the short-run Phillips curve.

Question 2

If a huge percentage change in price leads to a small percentage change in quantity demanded, then demand is said to be elastic.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Ozone Depletion—A Global Issue Ozone Depletion—A Global Issue
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Business Mathematics in Canada, 11e (Jerome, Worswick) Business Mathematics in Canada, 11e (Jerome, Worswick)
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library