Assume that (a) the price level is flexible upward but not downward and (b) the economy is currently operating at its full-employment output. Other things equal, how will each of the following affect the equilibrium price level and equilibrium level of real output in the short run?
a. An increase in aggregate demand.
b. A decrease in aggregate supply, with no change in aggregate demand.
c. Equal increases in aggregate demand and aggregate supply.
d. A decrease in aggregate demand.
e. An increase in aggregate demand that exceeds an increase in aggregate supply.
9. True or False: If the price of oil suddenly increases by a large amount, AS will shift left, but the price level will not rise thanks to price inflexibility.
Appex company can produce 4,000 units of a product at 100% capacity. Following information is abailable from its records:Units produced28003600power18002000repair and mai...Jun 15 2021
A reward system for project management should be:a. Greater than rewards for process management.b. Based on the money saved managing the project.c. Based on the money gen...May 03 2021
For each of the following measures, identify which perspective of the balanced scorecard it represents: financial, customer, internal-business-process, or learning-and gr...Mar 19 2020
The probability that a particular machine breaks down on any day is 0.2 and is independent of the breakdowns on any other day. The machine can break down only once per da...Jul 31 2020
From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 21.69 with a population standard deviation of...Apr 11 2020
Helen is a U.S. citizen and CPA, who moved to London, England three years ago to work for a British company. This year, she spent the entire year in London and earned a s...Aug 01 2021
How are capital gains (sale of stock) treated on a 1040 form?Aug 08 2021
You join a gym for 2 years on a payment plan that requires you to pay $150 today, $700 in 6 months from today and $1000 in 18 months from today. Alternatively you could p...Aug 11 2020
Explain what nondisjunction is, and give two examples of phenotypes that can result from it.Jun 26 2021
Poole Company applies manufacturing overhead (MOH) using apre-determined overhead rate (POHR) based on machine hours (MHs)with the following information for the period: M...Jun 07 2021