The misperception effect explanation for an upward-sloping ...

[fagboi]

The misperception effect explanation for an upward-sloping short-run aggregate supply curve is based on:
 a. falling profit margins as the price level rises.
 b. rising costs of production as the price level rises.
 c. fixed wage labor contracts.
 d. people mistaking changes in aggregate demand for changes in the demand for their goods relative to other goods and services.

Question 2

The paradox of thrift explains that increased savings by households could actually lower savings for the economy as a whole.
 a. True
  b. False
  Indicate whether the statement is true or false

[Loise Hard]

Answer to Question 1

d

Answer to Question 2

True

[fagboi]

Thanks for the timely response, appreciate it

[ghepp]

TYSM