Author Question: Changes in the expected future price level: a. Shifts the short run aggregate supply curve upward. ... (Read 205 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
Changes in the expected future price level:
 a. Shifts the short run aggregate supply curve upward.
 b. Shift the long run aggregate supply curve to the right.
 c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right.
  d. Do none of the above

Question 2

Wealth is considered to be a nonincome determinant of consumption.
 a. True
  b. False
  Indicate whether the statement is true or false



ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Answer to Question 1

b

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library