« previous next »

Author Question: According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern ... (Read 81 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern economy most closely because it assumes that aggregate supply is independent of price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The price of automobiles has increased sharply lately. As a result, automobile dealers have noticed that:
 a. demand has increased.
 b. demand has decreased.
 c. quantity demanded has increased.
  d. quantity demanded has decreased.


millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Modern Corn Was Domesticated from the Wild Grass Teosinte Modern Corn Was Domesticated from the Wild Grass Teosinte
Lung Model Lung Model
The Solar Model The Solar Model
Birth of Modern Astronomy Birth of Modern Astronomy
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Diversity of Modern Land Plants Diversity of Modern Land Plants
Video: Skin Cancer

For a complete list of videos, visit our video library