Economic growth will occur and the price level will be constant when the increase in aggregate demand...
What will be an ideal response?
exactly equals the increase in long-run aggregate supply
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The value of a human life
A. can be estimated by potential future earnings. B. can be subjected to cost-benefit analysis. C. is an intangible that is hard to price. D. all of these answer options are correct.
A price-discriminating firm will always maximize profit by following the condition that
A. MR > MC. B. MR > P. C. MRa = MRb = MC. D. MR = ATC.
Aggregate demand is a ____ rather than a ____
a. fixed number, concept b. schedule, fixed number c. set number, concept d. government aggregate, private aggregate
When production costs fall,
a) the aggregate-demand curve shifts to the right. b) the short-run aggregate-supply curve shifts to the right. c) the short-run aggregate-supply curve shifts to the left. d) the aggregate-demand curve shifts to the left.