--%>
Assignment Help - homework help

Aggregate demand curve

Choose the right answer from following. The aggregate demand curve is: A) vertical if full employment exists. B) horizontal when there is considerable unemployment in the economy. C) downsloping because of the interest-rate, real-balances, and foreign purchases effects. D) downsloping because production costs decrease as real output rises.

   Related Questions in Microeconomics

  • Q : Annual total revenue of production When

    When Prohibition Corporation maximizes profit in its production of St. Valentine’s Day software, so annual total revenue of it will be around: (1) $140 million. (2) $250 million. (3) $320 million. (4) $420 million. (5) $1 billio

    		•
  • Q : Area of Loren Curve This function as in

    This function as in illustrated figure area between A and B is termed as a/an: (1) index of inequality. (2) Lorenz curve. (3) Pareto indicator. (4) Gini coefficient. (5) Marx-Engels curve.

    Q : Monopolistic exploitation of workers

    When a firm hires workers to a point where VMP > MRP = MFC = W then: (1) There is a bilateral monopoly condition. (2) Wage discrimination is being exercised. (3) There is monopolistic exploitation of the workers. (4) The firm consists of monopsony power.

  • Q : Price below perfect competition Who

    Who decides price beneath perfect competition? Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.

    		•
  • Q : When is total revenue maximized If a

    If a monopolist’s marginal revenue is zero, then: (1) total revenue is zero. (2) demand is perfectly inelastic. (3) the price of the product exceeds average cost. (4) economic profit is zero. (5) total revenue is maximized.

    Q : Define feature of perfectly inelastic

    A perfectly inelastic demand curve: (w) is an imaginary mathematical construct, and does not exist within reality. (x) corresponds to a perfectly horizontal line. (y) represents a good which absorbs only a small portion of consumers’ budgets. (z

    		•
  • Q : Hike in relative price of a good I have

    I have a problem in economics on Hike in relative price of a good. Please help me in the following question. The hike in relative price of a good will quickly increase the: (i) Quantity demanded. (ii) Market supply. (iii) Rate of inflation. (iv) Quant

    		•
  • Q : Less equally distribution of wealth In

    In the United States, wealth appears to be: (1) more equitably distributed than income tax burdens. (2) less equally distributed than income. (3) distributed much more equally than in communist countries. (4) weak in generating income for wealthy indi

    		•
  • Q : Labor Union Goals The strategy which is

    The strategy which is most likely to yield the maximum wages and employment and the most economic clout for all the workers over long run would be for a union to: (i) Restrict entry to a specific occupation. (ii) Boycott non-unionized firms which compete with the unio

    		•
  • Q : Features of Monopoly Features of

    Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.

    		•