At levels of output close to full employment, the aggregate supply curve is probably
a. very flat.
b. very steep.
c. sloped downward.
d. perfectly elastic.
b
Economics
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Compare market price and quantity of steel to socially optimal price and quantity if steel producers ignore soot emitted from their smokestacks. Use a graph to assist your explanation
What will be an ideal response?
Economics
The major theme that we emphasized with regard to the measurement of income differences/inequality as well as contributors and remedies for these differences is that
A) the U.S. has contributed little to income assistance B) it's a complex topic with many underlying questions and issues C) private solutions to low income are relatively simple and effective, unlike public solutions D) there are no chronically low income households in the U.S.
Economics