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Author Question: In the simple circular flow model: a. firms are suppliers of resources and demanders of products. ... (Read 96 times)

2125004343

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on: Jun 30, 2018
In the simple circular flow model:
 a. firms are suppliers of resources and demanders of products.
 b. households are suppliers of products and demanders of resources.
  c. households are demanders of products and suppliers of resources.
  d. firms are the suppliers of both resources and products.

Question 2

A temporary decrease in the price of oil will shift the short run aggregate supply curve right but not shift the long run aggregate supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false


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sylvia

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

c

Answer to Question 2

True


2125004343

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

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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