Question: If consumption changes because of a change in a factor other than the price level, then the a. economy moves from one point on an

If consumption changes because of a change in a factor other than the price level, then the a. economy moves from one point on an AD curve to another point on the same curve. b. AD curve shifts. c. economy moves from one point on a short-run aggregate supply (SRAS) curve to another point on the same curve. d. SRAS curve shifts. e. none of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Figure out how the stock market responded to Amazon 's announcement on June 16, 2017, that it would purchase Whole Foods arguably a transformational change for Amazon , Walmart , and the whole retail...

13. When you make the decision to spend your time attending class, which economic question are you answering? A) What? B) How? C) For whom? D) Why? E) Is this in the social interest? 14. The question...

This is my homework today. TRADE AND MIGRATION This question explores migration in a two-good Heckscher-Ohlin model. Supposed we have a country (Home) that is endowed with capital K and labor L. It...

The classical model may have contributed to the severity of the Great Depression of the 1930s because: it prescribed no fiscal response by the government. it suggested that the Fed should increase...

Question 31 (1 point) () Listen The Marginal Propensity to Consume (MPC) is defined as the change in O Cover the change in DI. O income over the change in disposable income. O DI over the change in...

in regards to the case below, Examine the ad that is the subject of this litigation and evaluate whether it: A. is a false or misleading; B. is undignified; C. is offensive to you personally; D....

Could someone help me for those question? Thanks How are intermediate goods treated in GDP computations? O They are excluded because there are too many to accurately measure. O They are excluded...

3. Theeffect of Federal Reserve action ( or inaction) in the AD-AS model The following graph shows an economy that is currently producing at point A (grey star symbol), which corresponds to the...

23>>Which of the following is not a part of the Basic Keynesian Model Select one: a.The government has a role to play in fighting inflation b.The government should play no part in the economy c.The...

Answer all.,,, 1. a. Use formula for variance os a security which return follows a single index model: o? = Boy, + o(e;)? to find: o' = 1250%%, ' = 2125%2 b. For a well-diversified portfolio which...

An article of faith among Democratic Party strategists (and a source of apprehension among Republican strategists) is that high voter turnouts help Democratic candidates. Why should this be the case?...

Consider the usage of item # 14-46-506: 4 ft. Supersaver fluorescent lamps in Sterling Pulp Chemicals (now part of ERGO Worldwide) in the first 10 months of 2008. Month 2008 Jan10 Feb10 Mar66 Apr32...

Mc Graw HRI 2 1 of 3 3 Concepts completed Multiple Select Question Select all that apply Select all the transportation modes that have effectively reduced the size of our world, thus simplifying the...

Refer to the information in Problem 8-1A. Phoenix Company's actual income statement for 2015 follows. In Problem 8-1A Phoenix Company's 2015 master budget included the following fixed budget report....

Last year, Hever Inc. had sales of $ 500,000, based on a unit selling price of $ 250. The variable cost per unit was $ 175, and fixed costs were $ 75,000. The maximum sales within Hever Inc.s...

On July 1 of the current year, the R & R Partnership (an LLLP) was formed to operate a bed and breakfast inn. The partnership paid $3,000 in legal fees for drafting the partnership agreement and...

Ramon had AGI of $180,000 in 2015. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable...

Windsor Lock Companys controller is preparing a production budget for the year. The companys policy is to maintain a finished goods inventory equal to one-half of the following months sales. Sales of...

Why do we test? (Choose all that apply) Ax Quality is everyones job Bx Software defects can cost a company a lot of money Cx People tend to be blind to their own mistakes Dx Companies need to avoid...

1. Too reflect on self-management

Food supply

What is to be achieved for the individual is based on the companys needs.