Eventually input prices will fall and output will rise

Assignment Help Business Economics
Reference no: EM13796824

If ___________________ exceeds ___________________, then the economy is in an inflationary gap.

A. potential output; aggregate demand

B. aggregate demand; potential output

C. aggregate supply; aggregate demand

D. aggregate demand; aggregate supply

Eventually input prices will fall and output will rise in the economy if:

A. potential output exceeds aggregate demand.

B. aggregate demand exceeds potential output.

C. aggregate supply exceeds potential output.

D. aggregate demand exceeds aggregate supply.

Reference no: EM13796824

Questions Cloud

What will be the effect on wages : How does shopping for a health care procedure meaningfully differ from shopping for a typical consumer good such as a car with respect to price and quality?
What is the optimal system of intellectual property rights : What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic history can help to inform important policy questions that have been difficult to answer with modern data: For example, does the exis..
Any theoretical justification to use trade protection tools : Why do most countries use trade protection tools? Is there any theoretical justification to use trade protection tools? Explain why rich countries subsidize agricultural sector in their economies. Explain why rich countries subsidize high-tech firms ..
Problems related to improving health : Discuss personal choices you could make and habits you could change to improve your health.
Eventually input prices will fall and output will rise : If ___________________ exceeds ___________________, then the economy is in an inflationary gap. Eventually input prices will fall and output will rise in the economy if:
What is human resource management : What is human resource management
Real gdp measure to health of an economy : To what degree does real GDP measure to health of an economy? How is it possible to make valid international comparisons of real GDP? Support your answer with examples.
Calculate the effective rate of protection afforded : Assume that the free trade unit price of a lamp is $200 and unit cost of an input for a lamp is $100. Given this information about lamp production in a country, calculate the effective rate of protection (ERP) afforded to the lamp industry by a 12% t..
An emerging biometrics database and its future potential : What measures must be in place for new and emerging biometrics databases to be effective?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Assume an economy lasts for 2 periods in period 1 only 1

assume an economy lasts for 2 periods. in period 1 only 1 agent is born this agent lives for 2 periods. in period 2 two

  Through government policies

Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"

  How much do the firms produce and what are their profits

Consider a market with only two firms. Demand on this market is given by D(p) = 20 – 3p. Initially both firms have the same constant per-unit cost c1 = c2 = 2. What is the equilibrium in this market if firms behave as Bertrand competitors? How much d..

  You will research and find an article that covers the topic

For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.

  Equal wage rates in every market of labor

Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.

  Explain how are money cost and opportunity cost

Explain how are money cost and opportunity cost related to each other. If markets function well, they are closely related. They are always identical in any economic system.

  Monopoly necessarily bad public policy

Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?

  Best affordable bundle if your travel preferences

Find out your best affordable bundle if your travel preferences are such that you require exactly

  How government projects programs continue to give benefits

All astute comments thus far. Some government projects also programs continue to give benefits for many yrs.

  Justice department would challenge

Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.

  Explain how many computers will the monopolist sell

The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.

  Who should specialize in gathering nuts

Suppose that in an hour Chip can gather 8 pounds of fruit or 4 pounds of nuts. In an hour, Monk can gather 9 pounds of fruit or 3 pounds of nuts. Who should specialize in gathering nuts? Monk or Chip? both? or neither?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd