Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN...
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN your answer (whether “true “ or “false”).
The Keynesian range of the aggregate supply curve applies when the economy is at or near full employment.
Homework Answers
The aggregate supply curve is divided into three ranges , the horizontal range , the intermediate range , the vertical range .
The horizontal range is the Keynesian range where large amount of spare capacity is available in the economy . So the supply curve is elastic in nature . Hence , the economy is not at or near full employment at this range . At the intermediate section the economy approaches towards full employment .
FALSE
Add Answer to:
Read the statement below carefully, and decide whether it is
true or false. And then EXPLAIN...
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN...
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN your answer (whether “true “ or “false”). The aggregate supply curve is vertical at the level of real GDP that corresponds to the natural rate of unemployment.
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN...
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN your answer (whether “true “ or “false”). If input prices increase, the supply curve for cheese will shift to the right.
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN...
Read the statement below carefully, and decide whether it is true or false. And then EXPLAIN your answer (whether "true" or "false"). According to the circular flow model of the market system, when resource-owners’ money income is rising, then the costs to business firms must be falling.
Briefly explain with a graph whether given statement is true or false. “An adverse supply shock...
Briefly explain with a graph whether given statement is true or false. “An adverse supply shock causes the short-run aggregate supply curve to shift left, increasing the price level.”
For each statement, decide whether it is True, False or Uncertain and explain why briefly 1-...
For each statement, decide whether it is True, False or Uncertain and explain why briefly 1- Y=w*L + r *K , where Y is GDP, is this equation true? And if it is, can you explain the intuition? 2- Output is a function of Capital and Labor. In the Solow growth model, you can save and grow your capital indefinitely, and then your economy will always grow and standards of living will rise forever. 3- In the neoclassical model, government...
State whether the following statement is true or false, and explain why. If the statement is...
State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the national economy shrank at an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period. Choose the correct answer below and, if necessary, fill in the answer box to complete your choice. The statement is false because each year there is a different reference value. The economy...
te G Which of the follo... True O False Question 13 4 pts A change in...
te G Which of the follo... True O False Question 13 4 pts A change in the money supply or a change in velocity will change aggregate demand, which causes the aggregate demand curve to shift. O True O False Question 7 4 pts Suppose the economy is at below full employment. To improve this situation, Keynesian economists might propose that the government should expenditures, which will cause the aggregate demand curve to shift to the in an attempt to...
True/False 0 Indicate whether the statement is true or false. i) Explain your choice in one...
True/False 0 Indicate whether the statement is true or false. i) Explain your choice in one or to sentences.(6 points) 1. Animals are eukaryotic but plants are prokaryotic. 2. If an organism is multicellular, it is an indication that it is also eukaryotic. 3. In the cell fractionation from the buccal mucosal cells, chloroplasts will precipitate in the same fraction as the mitochondria (This is a trick question, read carefully.)
1_ Read the following statement and answer whether it is True or False and give a...
1_ Read the following statement and answer whether it is True or False and give a brief explanation in support of your answer. In an object is not accelerating, no external force is acting on it 2_ It is possible to have motion in the absence of a force? Give a brief explanation in support of your answer. 3_ Explain why a passenger is thrown backwards when a bus at rest suddenly accelerates.
8. True/False. For each of the following decide whether the statement is true, false, or uncertain...
8. True/False. For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer. a. The growth rate of a product is the sum of the individual growth rates. b. Differences in the quality of institutions are the sole cause of differences in per capita income levels across countries. (Hint: The article, “What Makes Countries Rich or Poor? A Review of Why Nations Fail” by Jared...
For each statement, decide whether it is True, False or Uncertain and explain why briefly 1- Y=w*L + r *K , where Y is GDP, is this equation true? And if it is, can you explain the intuition? 2- Output is a function of Capital and Labor. In the Solow growth model, you can save and grow your capital indefinitely, and then your economy will always grow and standards of living will rise forever. 3- In the neoclassical model, government...
te G Which of the follo... True O False Question 13 4 pts A change in the money supply or a change in velocity will change aggregate demand, which causes the aggregate demand curve to shift. O True O False Question 7 4 pts Suppose the economy is at below full employment. To improve this situation, Keynesian economists might propose that the government should expenditures, which will cause the aggregate demand curve to shift to the in an attempt to...
True/False 0 Indicate whether the statement is true or false. i) Explain your choice in one or to sentences.(6 points) 1. Animals are eukaryotic but plants are prokaryotic. 2. If an organism is multicellular, it is an indication that it is also eukaryotic. 3. In the cell fractionation from the buccal mucosal cells, chloroplasts will precipitate in the same fraction as the mitochondria (This is a trick question, read carefully.)
Most questions answered within 3 hours.
-
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 8 minutes ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 1 hour ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 1 hour ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 2 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 3 hours ago -
1. In eukaryotic cells the genomes of
&
asked 3 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 3 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 3 hours ago -
In 1999, Carly Fiorina famously said,"I hope that we are at a
point that everyone is...
asked 3 hours ago -
Individuals in a species of moth vary in wing color from white to
black, but all...
asked 3 hours ago -
The following standards for variable manufacturing overhead have
been established for a company that makes only...
asked 3 hours ago -
The United States government wanted to determine what proportion
of Americans approve of the current president,...
asked 4 hours ago