As the price level increases, the quantity of RGDP demanded in the economy ____, and when the price level decreases, the quantity of RGDP demanded in the economy ____
a. decreases, decreases
b. increases, increases
c. increases, decreases
d. decreases, increases
d
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What factors other than the wage rate influence the demand for labor? How is demand affected by changes in these factors?
What will be an ideal response?
Macroeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle.
Answer the following statement true (T) or false (F)
Transitions from one technology to another can be easier for a network industry when frequency is not actually owned by those with rights to use it
Indicate whether the statement is true or false
You go to the movieplex where movies ordinarily cost $9 . You are intending to see a movie for which you have a $3 off coupon good for only that movie at that time. However, when you get there you see a friend who asks if you would rather see a new release. Both movies start and end at the same time. If you decide to see the new release with your friend, what is your opportunity cost?
a. the amount you value the first movie + $3 b. the amount you value the first movie + $9 c. $3 d. $9