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Author Question: If the aggregate supply curve is positively sloped, an increase in the money supply will result in ... (Read 155 times)

lindiwe

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on: Jun 30, 2018
If the aggregate supply curve is positively sloped, an increase in the money supply will result in an increase in both equilibrium national income and the equilibrium price level.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The imposition of a binding price floor on a market causes quantity demanded to be
 a. greater than quantity supplied.
  b. less than quantity supplied.
 c. equal to quantity supplied.
 d. Both (a) and (b) are possible.


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lgoldst9

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


lindiwe

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Reply #2 on: Jun 30, 2018
Thank you


lgoldst9

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Reply #3 on: Jun 30, 2018
No problemo


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