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 105 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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ... MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ...
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Latin America in the Global Economy Latin America in the Global Economy
A Drug’s Plateau Level A Drug’s Plateau Level
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library