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

Author Question: Assume that the AD curve is held constant and short-run aggregate supply decreases. The result is ... (Read 16 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
Assume that the AD curve is held constant and short-run aggregate supply decreases. The result is a(n):
 a. increase in both equilibrium real GDP and the price level.
  b. decrease in equilibrium real GDP and an increase in the price level.
  c. decrease in both equilibrium real GDP and the price level.
  d. decrease in equilibrium real GDP, while the price level remains fixed.
  e. increase in the price level, while equilibrium real GDP remains fixed.

Question 2

Which of the following is an example of a normative statement?
 a. Higher unemployment rates are common among young people.
 b. Young people should learn how to prepare their own taxes.
 c. Auto insurance rates are generally lower for younger
 d. Persons under the age of 30 watch more movies than those over the age of 30.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
Gracias!

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
The Speed of Light Is Constant The Speed of Light Is Constant
How to read gel electrophoresis result How to read gel electrophoresis result
J or U dose-response curve J or U dose-response curve
Who's Policing the Food Supply? Who's Policing the Food Supply?
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library