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

Author Question: The vertical classical aggregate supply curve reflects that a. money wages adjust proportionally ... (Read 39 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
The vertical classical aggregate supply curve reflects that
 
  a. money wages adjust proportionally with the price level.
  b. real wages are always the same.
  c. aggregate output is always the same.
  d. None of the above.
  e. Both b and c.

Question 2

In the Keynesian aggregate expenditure graph (Figure 5-5), the 45 degree line is meant to indicate that:
 
  a. planned aggregate expenditure always equals aggregate income.
  b. savings must equal investment.
  c. actual aggregate expenditure must equal aggregate income.
  d. actual income must equal planned income.
  e. 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

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

A

Answer to Question 2

C




HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 30, 2018
Excellent


Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

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.

For a complete list of videos, visit our video library