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

nevelica

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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

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Answer to Question 1

False

Answer to Question 2

d



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