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Author Question: The Keynesian region of the aggregate supply curve represents an economy with: a. high unemployment ... (Read 60 times)

nmorano1

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on: Jun 30, 2018
The Keynesian region of the aggregate supply curve represents an economy with:
 a. high unemployment and low inflation.
  b. low unemployment and low inflation.
  c. low unemployment and high inflation.
  d. high unemployment and high inflation.
  e. excess capacity but no unemployment or inflation.

Question 2

An increase in demand could be caused by
 a. a decrease in price.
 b. a decrease in income, assuming the good is inferior.
 c. buyers expecting the price of the good to fall in the near future.
  d. an increase in the price of a complement.


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karlss

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

a

Answer to Question 2

b


nmorano1

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Reply #2 on: Jun 30, 2018
Thank you


karlss

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Reply #3 on: Jun 30, 2018
No problemo


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