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

Author Question: The long-run aggregate supply of an economy at the potential level of real GDP is graphically ... (Read 92 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The long-run aggregate supply of an economy at the potential level of real GDP is graphically represented by:
 a. a horizontal line.
  b. an upward-sloping curve.
  c. a downward-sloping curve.
  d. a vertical line.
  e. a backward bending curve.

Question 2

Many people have heard that the stock market rises when a team from the National Football Conference (NFC) wins the Super Bowl, and falls when a team from the American Football Conference (AFC) is victorious. If you conclude that there is a causal relationship between the outcome of the Super Bowl and stock prices, you probably are:
 a. confusing correlation with causation.
 b. committing the fallacy of composition.
 c. confusing the direction of causality, since everyone knows that stock prices determine which team wins the Super Bowl.
  d. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Gracias!

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

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?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Conduction of the action potential along an axon. Conduction of the action potential along an axon.
Energy Level Diagram of Hydrogen Energy Level Diagram of Hydrogen
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Female roundworm. Roundworms have long, cylindrical bodies with a tough covering. Eggs laid by the ... Female roundworm. Roundworms have long, cylindrical bodies with a tough covering. Eggs laid by the ...
Action potential conduction in unmyelinated axons. Action potential conduction in unmyelinated axons.
Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library