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

Author Question: The supply curve shows: a. the same basic information as a demand curve. b. how the average cost of ... (Read 61 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
The supply curve shows:
 a. the same basic information as a demand curve.
 b. how the average cost of production varies with price.
  c. how the quantity supplied varies with price.
 d. how the quantity demanded varies with price.

Question 2

Which of the following is not true when there is an inflationary gap?
 a. Real output exceeds the natural level of real output.
 b. Employment exceeds full employment.
 c. Unemployment exceeds the natural rate of unemployment.
  d. All of the above are not true when there is an inflationary gap.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amcvicar

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

c

Answer to Question 2

c





 

Did you know?

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

Did you know?

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

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library