Solution-Quantity of real gdp supplied

Quantity of real gdp supplied

Assignment Help Basic Computer Science

Reference no: EM131406842

Complete the following statements:

1) In the short run, when the price level increases, the quantity of real GDP supplied will

a) decrease

b) increase

c) remain the same

and the aggregate supply curve will

a) decrease or shift to the left

b) increase or shift to the right

c) remain the same or not shift

2). In the short run, some input prices are said to be sticky. Sticky prices refers to

a) Some firms not being able to change the price that the firms charges

b) Some input prices remaining constant even as the price level changes

c) All prices remain constant in the economy

Reference no: EM131406842

Questions Cloud

What is the mean waiting time in the queue : If an item of mail cannot be delivered it is returned to the local depot and a card sent to the addressee inviting them to come to the depot to collect it.

Determine the mean waiting time in the queue : There are four chairs that customers can sit on while waiting for a consultation. Find the probability that one or more customers will have to stand while they are waiting.

What are the drivers of profitability : What are the drivers of profitability? What are the strengths and weaknesses of each competitor? How good are their products? How much does each one spend on R&D?

Determine the effect on aggregate supply : For each of the following scenarios, determine the effect on aggregate supply. 1) There is an unexpected decrease in oil prices.

Quantity of real gdp supplied : Complete the following statements: 1) In the short run, when the price level increases, the quantity of real GDP supplied will

What is the traffic intensity in the returns system : A large clothing store offers a ‘no quibble' returns policy under which shoppers can return unwanted goods to the store and receive their money back. They have to take their unwanted goods to a returns desk where there is one server.

Describe each athlete training program : Describe each athlete's training program. Based on what you have learned in the course, identify reasons for the program's success or failure at maximizing muscle mass and minimizing fat stores

Determining the real-balances effect : For each of the following scenarios, determine whether the situation described can be attributed to the real-balances effect, the interest-rate effect, or the foreign-purchases effect.

Market forces of supply and demand : Explain how the economy coordinates interdependent economic actors through the market forces of supply and demand?

User Account

All Pages

Quantity of real gdp supplied

Reference no: EM131406842

Reference no: EM131406842

Questions Cloud

Reviews

Write a Review

Basic Computer Science Questions & Answers

Identifies the cost of computer

Input devices

Cores on computer systems

Prepare an annual budget in an excel spreadsheet

Write a research paper in relation to a software design

Describe the forest, domain, ou, and trust configuration

Construct a truth table for the boolean expression

Evaluate the cost of materials

The marie simulator

What is the main advantage of using master pages

Describe the three fundamental models of distributed systems

Distinguish between caching and buffering

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT