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 46 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?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library