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Author Question: The portion of the aggregate supply curve that is a positive function of the general price level ... (Read 105 times)

schs14

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  • Posts: 569
on: Jun 30, 2018
The portion of the aggregate supply curve that is a positive function of the general price level represents excess capacity and unemployed resources.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following will not cause a change in the demand for a product?
 a. a change in consumer income
 b. a change in consumer preferences
 c. a change in the price of the product
 d. a change in the price of a substitute product


flannelavenger

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  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


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