nishant unit 4.docx - UNIT 4 EXERCISE 1 Unit 4 exercise Nishant Sharma 2018092179 BUSI 2003 Macroeconomics in Global Context(19U-C-ON-3G Yorkville

nishant unit 4.docx - UNIT 4 EXERCISE 1 Unit 4 exercise...

This preview shows page 1 - 3 out of 3 pages.

UNIT 4 EXERCISE 1 Unit 4 exercise Nishant Sharma 2018092179 BUSI 2003 Macroeconomics in Global Context (19U-C-ON-3G) Yorkville University
Image of page 1
UNIT 4 EXERCISE 2 1. Aggregate Supply curve shows the relationship between the price level and the real GDP supplied in an economy. a. Under what circumstances will the AS curve have a flat segment? Answer:- The AS curve will have a flat segment when production of economy and price level are similar. Thus, this happen in case of equilibrium. b. When an economy has a vertical AS curve? Answer:- An economic system has a vertical AS curve when the price of payment is more than the actual GDP. c. The AS curve is upward sloping in the intermediate region between the horizontal and the vertical segments. What kind of macroeconomic conditions give rise to the upward sloping range? Answer:- Two conditions lies in upward sloping range are:- 1. If the price of product will decrease. Then, the AS curve slops upward.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 3 pages?

  • Fall '15
  • Nedal Ismail

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes