? Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase:
A. ?both the price level and real GDP.
B. real GDP without raising the price level.
C. the price level without affecting real GDP.
D. ?the price level but reduce real GDP.
Answer: A
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An unanticipated increase in the level of prices in the goods and services market, which results in a temporary reduction in real wage rates, will
a. decrease the natural rate of unemployment. b. increase the natural rate of unemployment. c. result in an actual rate of unemployment that is less than the natural rate of unemployment. d. result in an actual rate of unemployment that is greater than the natural rate of unemployment.
The MRP curve for labor:
A. intersects the firm's labor demand curve from above. B. is the firm's labor demand curve. C. lies below the firm's labor demand curve. D. lies above the firm's labor demand curve.
When a monopolist charges a low price to drive out competition, then charges a high price, the monopolist is engaging in:
A. a trust agreement. B. a merger. C. duopoly pricing. D. predatory pricing.
Which of the following statements is true?
A. Unsecured loans are no longer made; all loans now must have some form of collateral. B. Unsecured loans generally involve very high interest rates as a result of adverse selection. C. Unsecured loans are only made to individuals with very high net worth because it is the only way to limit the risk. D. Unsecured loans generally involve very high interest rates as a result of the free-rider problem.