In the classical model, what is the result of an increase in aggregate demand?
A) The price level increases, and real GDP remains constant.
B) The price level decreases, and real GDP remains constant.
C) Real GDP increases, and the price level remains constant.
D) Real GDP decreases, and the price level remains constant.
A
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a. True b. False Indicate whether the statement is true or false
Suppose that a large and a small wind turbine have similar installation, operating, and maintenance costs, but a large turbine has four times the generating capacity but costs less than three times as much as a small turbine. The wind power industry faces:
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