In the Classical model, an increase in aggregate demand leads to __________ real GDP and __________ price level
A) an unchanged; an unchanged
B) a rising; an unchanged
C) a rising; a rising
D) an unchanged; a rising
D
You might also like to view...
With a natural monopoly, a potentially insurmountable barrier to entry can be the
A. low profit margins. B. decreasing average total costs. C. high fixed costs. D. decreasing marginal costs.
In the above figure for a monopolistically competitive firm, the total revenue at the profit-maximizing point is
A. $400. B. $880. C. $840. D. $540.
The utility we get from something:
A. is a measurement of outside perceptions and inner preferences. B. is a measurement of the benefit of consuming the good relative to the opportunity cost. C. is a measurement of our direct benefit of consuming the good. D. is a measurement of outside benefits and inner costs.
Which of the following definitely results in a product's equilibrium price rising?
A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply E) an increase in the supply combined with no change in the demand