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Author Question: The short-run aggregate supply curve is positively sloped. Which of the following is not one of the ... (Read 51 times)

NClaborn

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on: Jun 30, 2018
The short-run aggregate supply curve is positively sloped. Which of the following is not one of the explanations given in the text?
 a. the misperception effect
 b. Sticky wage theory
 c. market effect
 d. All of the above are explanations of the profit effect.

Question 2

Which of the following is associated with an increase in the average price level?
 a. A decrease in the aggregate quantity demanded
  b. An increase in the aggregate quantity demanded
  c. A leftward shift of the aggregate demand curve
  d. A decrease in the aggregate quantity supplied
  e. Aggregate quantity demanded remains unchanged but the aggregate expenditures curve shifts leftward.


Jody Vaughn

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

c

Answer to Question 2

a


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