The Keynesian region of the aggregate supply curve is:
a. horizontal.
b. downward-sloping.
c. upward-sloping.
d. vertical.
e. a 45-degree line.
a
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
A load fund
A) charges a commission for purchases or sales. B) is not obligated to redeem shares issued. C) earns income only from management fees. D) issues shares that may sell at a discount to the market value of the underlying assets.
Labor unions create a rent when they succeed. This rent forces employers or management to return some of their profits to unionized workers in the form of improved working conditions, health benefits or increased wages
Indicate whether the statement is true or false
Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profit maximizing level of output is
A) 40. B) 50. C) 60. D) 0, since the firm will shut down.