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Author Question: The movement of the vertical _____ curve to the _____ reflects the increase in potential output on ... (Read 113 times)

fahad

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on: Jun 30, 2018
The movement of the vertical _____ curve to the _____ reflects the increase in potential output on account of the development of new technologies, and increase in the quantity and quality of resources.
 a. long-run aggregate supply; right
  b. short-run aggregate supply; right
  c. short-run aggregate demand; left
  d. long-run aggregate demand curve; left
  e. long-run aggregate supply; left

Question 2

In a congressional debate about agricultural price supports, senators, members of congress, and other experts made the following four statements. Which of these is a normative statement?
 a. Price supports are important because America should preserve the small family farm.
 b. Without price supports, the price of wheat and corn will fall by over twenty percent.
 c. The decline in commodity prices caused by the removal of price supports will result in fewer, larger farms.
  d. The decline in commodity prices caused by the removal of price supports will reduce the number of tractors sold in the United States.


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jessofishing

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

a

Answer to Question 2

a


fahad

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Reply 2 on: Jun 30, 2018
Wow, this really help

dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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