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Author Question: When resources are at full capacity, output is less responsive to changes in ____ and the price ... (Read 54 times)

pragya sharda

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on: Jun 30, 2018
When resources are at full capacity, output is less responsive to changes in ____ and the price level is ____.
 a. prices; stable
 b. prices; less responsive
 c. aggregate demand; highly responsive
  d. aggregate demand; less responsive

Question 2

Which of the following properties should a commodity have to be considered as money?
 a. It should be scarce and rare.
  b. It should be perishable.
  c. It should be indivisible.
  d. It should be unpredictable in value.
  e. It should be homogenous in nature.


Brummell1998

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

c

Answer to Question 2

e


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