This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ... (Read 21 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
If there was no misperception effect, but there was a profit effect in the short run, then SRAS is ____ and LRAS is ____.
 a. upward sloping: vertical
 b. upward sloping; upward sloping
  c. vertical; vertical
 d. vertical; upward sloping

Question 2

Which of the following will be observed if the U.S. federal government reduces fiscal spending, keeping other things constant?
 a. The aggregate demand curve will shift to the right.
  b. The aggregate expenditure in the economy will decrease.
  c. The economy will approach potential GDP.
  d. The marginal propensity to consume will increase.
  e. The average price level will increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Wow, this really help

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

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?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
Effect of antidiuretic hormone deficiency. Effect of antidiuretic hormone deficiency.
The Greenhouse Effect: Influences on Temperature The Greenhouse Effect: Influences on Temperature
Effect of extreme homoallostery Effect of extreme homoallostery
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library