This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The short-run aggregate supply curve: a. Is a schedule showing the relationship between the price ... (Read 67 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Soil profile exposed in a boreal forest site, showing LFH, A, B, and C horizons. Soil profile exposed in a boreal forest site, showing LFH, A, B, and C horizons.
The underside of a male (top) and a female (bottom) individual of Pachygrapsus marmoratus, showing t The underside of a male (top) and a female (bottom) individual of Pachygrapsus marmoratus, showing t
Schematic diagram showing polyclonal response by B cells against linear epitopes. Schematic diagram showing polyclonal response by B cells against linear epitopes.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The urinary system: Relationship of the kidneys to the vertebrae The urinary system: Relationship of the kidneys to the vertebrae
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library