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

Author Question: A simultaneous increase in inflation and decrease in economic growth in a country can be associated ... (Read 82 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
A simultaneous increase in inflation and decrease in economic growth in a country can be associated with:
 a. a decrease in aggregate demand with no change in aggregate supply.
  b. an increase in aggregate demand and aggregate supply.
  c. an increase in aggregate supply with no change in aggregate demand.
  d. a decrease in aggregate supply and aggregate demand.
  e. a decrease in aggregate supply with no change in aggregate demand.

Question 2

The minimum wage should be increased so that low-income workers can afford to feed their families. This is an example of:
 a. a positive economic statement.
 b. a negative economic statement.
  c. the fallacy of composition.
 d. a normative economic statement.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Blocking enzymes in hair follicles promotes hair growth Blocking enzymes in hair follicles promotes hair growth
Economic Development Economic Development
economic question economic question
economic question economic question
economic question economic question
Contributions to political parties , by economic sector 2020 Contributions to political parties , by economic sector 2020
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library