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

Author Question: At low levels of output, the economy can expand with little or no increase in the overall price level because (Read 65 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Apr 19, 2019

Question 1

If firms believe that a downturn in sales and output is temporary and that increased output will be needed in the future, they may choose to


◦ fire all their workers.
◦ sell off the plant.
◦ close a plant permanently.
◦ reassign their workers to different jobs.

Question 2

At low levels of output, the economy can expand with little or no increase in the overall price level because


◦ at low levels of output the aggregate supply curve is negatively sloped.
◦ people will be expecting the price level to fall.
◦ there is excess supply so prices are kept low.
◦ firms likely hold excess labor and capital, and production can be increased without causing input prices to increase.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by MGLQZ on Apr 19, 2019

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


MGLQZ

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Apr 19, 2019
Thanks


l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Levels of protein structure: Quaternary structure Levels of protein structure: Quaternary structure
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
The four levels of protein structure The four levels of protein structure
How to expand a polynomial (Part 1) How to expand a polynomial (Part 1)
ACCM Definitions of ICU Levels of Care ACCM Definitions of ICU Levels of Care
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library