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 108 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?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
When using forearm pressure on the top of the shoulder, push with your back foot to increase your ... When using forearm pressure on the top of the shoulder, push with your back foot to increase your ...
The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ... The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ...
Creating a Continental Economy Creating a Continental Economy
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
Video: Osmosis - water transport

For a complete list of videos, visit our video library