Business, 18.06.2020 20:57, doodndns4484

1. The short-run aggregate supply curve shows:a. What happens to output in an economy as the price level changes, holding all other determinants of real GDP constant. b. What happens to output in an economy when the government spends more money. c. How firms respond to changes in interest rates. d. The relationship between the price level and aggregate expenditure.2. Which of the following are assumed to remain unchanged along a given short-run aggregate supply curve? Check all that apply.- The position of the aggregate demand curve- Resource prices- Real GDP- Institutions, such as patent laws and tax systems, that make up the "rules of the game"3. The term short-run macroeconomic equilibrium refers to:a. The situation when aggregate price level is in equilibrium. b. The situation when the aggregate supply curve and the aggregate demand curve as used together to analyze economic fluctuations. c. The situation when the quantity of aggregate output produced in the short-run is in equilibrium. d. The situation when the quantity of aggregate output supplied is equal to the quantity demanded.4. In macroeconomics, the term long run refers to:a. A period of 1 year. b. A period of 10 years. c. A period of time in which some input prices and wages are fixed. d. A period of time long enough for all input prices and wages to be renegotiated.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:30, steloiryancy

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Answers: 1

continue

Business, 22.06.2019 15:20, byler47

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.

Answers: 1

continue

Business, 22.06.2019 20:30, anilauferc

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

Answers: 3

continue

Business, 23.06.2019 08:00, ibrahimharoon

Wriston company is preparing its cash budget for the upcoming month. the beginning cash balance for the month is expected to be $15,000. budgeted cash disbursements are $72,500, while budgeted cash receipts are $89,600. wriston company wants to have an ending cash balance of $30,000. the excess (deficiency) of cash available over disbursements for the month would be

Answers: 2

continue

Do you know the correct answer?

1. The short-run aggregate supply curve shows:a. What happens to output in an economy as the price l...