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

Author Question: A vertical aggregate supply schedule implies that a. real wages cannot impact output. b. ... (Read 68 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
A vertical aggregate supply schedule implies that
 
  a. real wages cannot impact output.
  b. unemployment cannot impact output.
  c. aggregate demand is horizontal.
  d. the price level does not impact output.

Question 2

If the economy is in a liquidity trap, then:
 
  a. fiscal policy can still stimulate the economy through lower interest rates.
  b. monetary policy cannot stimulate the economy by lowering interest rates.
  c. the precautionary demand for money is falling.
  d. all 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

kthug

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

D

Answer to Question 2

B




cnetterville

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Gracias!


Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library