« previous next »

Author Question: The wealth effect and the interest rate effect are changes in the price level that: a. bring about ... (Read 36 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
The wealth effect and the interest rate effect are changes in the price level that:
 a. bring about a movement along the aggregate demand curve.
  b. lead to a shift of the demand curve for a particular good.
  c. result in a shift of the aggregate supply curve.
  d. help explain the vertical shape of the long-run aggregate supply curve.
  e. cause a movement along the aggregate supply curve.

Question 2

A person behaving rationally will:
 a. never make mistakes.
 b. make decisions that are random and chaotic.
 c. have others determine whether their decisions are rational.
 d. try to weigh the expected marginal benefits and marginal costs of their decision.


kswal303

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
A person with a defective "P" gene might only have it effect the EYES A person with a defective "P" gene might only have it effect the EYES
Zhang Huan, To Raise the Water Level in a Fishpond. Zhang Huan, To Raise the Water Level in a Fishpond.
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles. The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles.
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Video: Decubitus Ulcer

For a complete list of videos, visit our video library