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Author Question: The supply curve shows: a. the same basic information as a demand curve. b. how the average cost of ... (Read 64 times)

geodog55

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on: Jun 30, 2018
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.


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amcvicar

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

c

Answer to Question 2

c


geodog55

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Reply #2 on: Jun 30, 2018
Correct answers!


amcvicar

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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