The immediate-short-run aggregate supply curve is:
A. downsloping.
B. upsloping.
C. vertical.
D. horizontal.
D. horizontal.
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An increase in the wage rate ______
A. shifts the average total cost curve and the marginal cost curve upward B. shifts the average fixed cost and average variable cost curve upward C. increases average variable cost but does not change marginal cost D. does not change average variable cost but increases average total cost
If you wanted to understand how an economy grew without looking at the impact of inflation, you should use ________ to compare different times within the economy
A) real GDP B) nominal GDP C) the CPI D) the GDP deflator
Is rational self-interest the same thing as selfishness? Explain
Please provide the best answer for the statement.
Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).According to this Application, between 2012 and 2017, the increase in craft beer production increased the price of hops:
A. from $3.17 to $3.92 per pound. B. from $3.17 to $5.92 per pound. C. from $3.92 to $5.17 per pound. D. from $4.17 to $5.92 per pound.