« previous next »

Author Question: According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern ... (Read 83 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?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Original Model of Jupiter’s Belts and Zones Original Model of Jupiter’s Belts and Zones
Oil drop model of protein folding Oil drop model of protein folding
Dual Systems Model of Risk-Taking Dual Systems Model of Risk-Taking
A Model of Phonological Dyslexia A Model of Phonological Dyslexia
Generalized model of semiconservative replication of DNA Generalized model of semiconservative replication of DNA
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library