This topic contains a solution. Click here to go to the answer

Author Question: At the equilibrium price, the quantity of the good that buyers are willing and able to buy a. is ... (Read 28 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
At the equilibrium price, the quantity of the good that buyers are willing and able to buy
 a. is greater than the quantity that sellers are willing and able to sell.
  b. exactly equals the quantity that sellers are willing and able to sell.
  c. is less than the quantity that sellers are willing and able to sell.
  d. there is no scarcity.

Question 2

For an economy in equilibrium, the Keynesian model suggests that the plot of aggregate expenditure against RGDP:
 a. is a vertical line.
 b. has slope lesser than 1.
  c. has slope equal to 1.
 d. is a horizontal line.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

b

Answer to Question 2

c




RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

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