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

Author Question: At full-employment GDP, A) the long-run aggregate demand curve is horizontal. B) the long-run ... (Read 77 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 30, 2018
At full-employment GDP,
 
  A) the long-run aggregate demand curve is horizontal.
  B) the long-run aggregate demand curve is vertical.
  C) the long-run aggregate supply curve is horizontal.
  D) the long-run aggregate supply curve is vertical.

Question 2

Which of the following is true about total factor productivity (TFP)?
 
  A) it can be measured just like capital and labor
  B) it cannot be directly measured so it has to be calculated from given values of capital, labor and output
  C) while it cannot be measured directly, it has an exponent of 0.3 in the Cobb-Douglas production function
  D) while it cannot be measured directly, it has an exponent of 0.7 in the Cobb-Douglas production function
  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

bulacsom

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 30, 2018
Wow, this really help

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone. Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library