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Author Question: The short-run aggregate supply curve: a. Is a schedule showing the relationship between the price ... (Read 59 times)

armygirl

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on: Jun 30, 2018
The short-run aggregate supply curve:
 a. Is a schedule showing the relationship between the price level and the quantity of real GDP supplied.
  b. Is typically upward sloping.
 c. reflects output prices changing relative to input prices.
  d. all of the above

Question 2

The Keynesian aggregate expenditures model assumes that:
 a. production does not adjust to changes in aggregate expenditures.
  b. aggregate supply is autonomous.
  c. prices do not decrease when aggregate demand decreases.
  d. aggregate supply determines the equilibrium level of real GDP.
  e. prices are positively related to aggregate demand.


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annierak

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

d

Answer to Question 2

c


armygirl

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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