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Destinyyyy

  • one year ago

Can someone help and check my answers? Thank you

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  1. Destinyyyy
    • one year ago
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    Which of the following is an incorrect statement?- Aggregate demand and aggregate supply determine the equilibrium price and quantity of any given good.

  2. Destinyyyy
    • one year ago
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    Which of the following explains the effect of prices on profits in the short-run?-- The direct relationship between aggregate quantity supplied and the price level.

  3. Destinyyyy
    • one year ago
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    The _____ is the change in the purchasing power of assets that causes spending to change when the price level changes.--- Ive narrowed it down to --- purchasing power effect or income effect.. Im unsure of which one is the correct answer.

  4. Destinyyyy
    • one year ago
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    Assume that the aggregate demand increases while the short-run aggregate supply decreases. The result is a(n):--- I know that the price level increases and the equilibrium real GDP should return to its original level. So is the answer this "increase in the price level, while the change in equilibrium real GDP is ambiguous." or this "increase in both equilibrium real GDP and the price level.".. Both seem to be right but im confused on which on is the correct answer

  5. Destinyyyy
    • one year ago
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    In the short-run, an increase in the average price level will cause:-- profits to rise and, thus, total production to increase.

  6. Destinyyyy
    • one year ago
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    _____ is the relation between total expenditures, or total spending, and the price level.-- Aggregate demand

  7. Destinyyyy
    • one year ago
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    Identify the correct statement.-- Aggregate demand and aggregate supply determine equilibrium price and output.

  8. Destinyyyy
    • one year ago
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    Other things equal, an increase in aggregate supply will cause:-- a reduction in unemployment and a decline in inflation.

  9. Destinyyyy
    • one year ago
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    @dmndlife24

  10. Destinyyyy
    • one year ago
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    @aryandecoolest

  11. Destinyyyy
    • one year ago
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    @CausticSyndicalist @YanaSidlinskiy @KyanTheDoodle @mathmate Can any of you help?

  12. anonymous
    • one year ago
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    first statement is true...

  13. Destinyyyy
    • one year ago
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    Thanks but I already submitted my assignment. The two that I needed help on I got wrong.

  14. anonymous
    • one year ago
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    oh crap! srry for the delay... anyways remember that 2. under monopolistic competition, the firm has some freedom to fix the price because of differentiation a firm will not lose all customers when it increases its price :)

  15. Destinyyyy
    • one year ago
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    Its okay. Your the only one who helped me. All the others I tagged looked and left. No response at all... Alright I try to remember. Guess if I have any questions I'll message or tag you. Thank you

  16. anonymous
    • one year ago
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    yeah sure. Anytime. Unfortunately got busy with some other stuffs so ...... Next time if i know I'll for sure help u out. have a nice day "destiny"

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