Author Question: Along the Keynesian range of the aggregate supply curve, higher aggregate demand fails to stimulate ... (Read 108 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
Along the Keynesian range of the aggregate supply curve, higher aggregate demand fails to stimulate output and only causes inflation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which one of the following people would not be considered a part of the labor force?
 a. A steel worker who was laid off last week and is seeking work.
  b. A steel worker who was laid off last year and is no longer seeking work.
  c. A student who also works part-time.
  d. A member of the U.S. Navy.
  e. A retired college professor paid to teach a summer course.



emily12345

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

False

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

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).

For a complete list of videos, visit our video library