This topic contains a solution. Click here to go to the answer

Author Question: The steepness of the aggregate supply curve depends on the: a. rate of inflation in the economy. ... (Read 47 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
The steepness of the aggregate supply curve depends on the:
 a. rate of inflation in the economy.
  b. change in relative prices of commodities.
  c. substitutability of the inputs used in producing various goods and services.
  d. ability of the producers to respond to price-level changes in the short run.
  e. the market rate of interest.

Question 2

The term ceteris paribus means that:
 a. everything is variable.
 b. all variables except those specified are constant.
 c. no one knows which variables will change and which will remain constant.
  d. what is true for the individual is not necessarily true for the whole.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

d

Answer to Question 2

b




nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Excellent

 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

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?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library