- Module 18 .1: Determine the effect on short -run aggregate supply of each of the ...
- Module 18 .2: Because changes in the aggregate price level have no effect on aggr...
- Module 18 .3: The horizontal intercept of the long-run aggregate supply curve is ...
- Module 18 .4: A decrease in which of the following will cause the short-run aggre...
- Module 18 .5: That employers are reluctant to decrease nominal wages during econo...
Solutions for Chapter Module 18 : Aggregate Supply: Introduction and Determinants
Full solutions for Krugman's Economics for AP* | 2nd Edition
Solutions for Chapter Module 18 : Aggregate Supply: Introduction and DeterminantsGet Full Solutions
the tendency for the mix of unobserved attributes to become undesirable from the standpoint of an uninformed party
a visual model of the economy that shows how dollars flow through markets among households and firms
the process by which unions and firms agree on the terms of employment
the value of everything a seller must give up to produce a good
a situation in which the market price has reached the level at which quantity supplied equals quantity demanded
law of supply
the claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises
the change in total revenue from an additional unit sold
median voter theorem
a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter
the proposition that changes in the money supply do not affect real variables
the quantity of money available in the economy
the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior
the total income in the economy that remains after paying for consumption and government purchases
a legal maximum on the price at which a good can be sold
a person for whom another person, called the agent, is performing some act
the relationship between quantity of inputs used to make a good and the quantity of output of that good
deposits that banks have received but have not loaned out
store of value
an item that people can use to transfer purchasing power from the present to the future
a graph of the relationship between the price of a good and the quantity supplied
the manner in which the burden of a tax is shared among participants in a market
the value of a nation’s exports minus the value of its imports; also called net exports
Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or firstname.lastname@example.org
Forgot password? Reset it here