« previous next »

Author Question: If Eric expects to earn more income next month, he may choose to a. save more now and spend less of ... (Read 48 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
If Eric expects to earn more income next month, he may choose to
 a. save more now and spend less of his current income on goods and services.
  b. save less now and spend more of his current income on goods and services.
  c. decrease his current demand for goods and services.
 d. decrease his current demand for goods and services.

Question 2

If the profit effect and misperception effect existed in both the short run and the long run, then SRAS is ____ and LRAS is ____.
 a. upward sloping; upward sloping
  b. upward sloping: vertical
 c. vertical; upward sloping
 d. vertical; vertical


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

In middle childhood, children spend increasing amounts of time with peers and friends. In middle childhood, children spend increasing amounts of time with peers and friends.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
How to choose the right payment plan with changing conditions (Question 2) How to choose the right payment plan with changing conditions (Question 2)
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
The distribution of the number of hours that a random sample of people spend doing chores per ... The distribution of the number of hours that a random sample of people spend doing chores per ...
Video: Knee Animation

For a complete list of videos, visit our video library