There is a rise in labor productivity in the economy. As a result, in the short run Real GDP __________ and the price level __________
A) rises; falls
B) falls; rises
C) falls; falls
D) rises; rises
E) remains constant; remains constant
A
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What will be an ideal response?
If Health Spas charges an annual membership fee of $1,000 for the use of their facilities and charges a $20 fee each time a member uses their facilities, this is an example of ________.
A) a single pricing scheme B) two-part pricing C) commodity bundling D) an all-or-nothing offer
Based on the graph showing equilibrium output and price for a monopolist, the profit loss from producing too much is located ______.
a. below the marginal revenue curve
b. below the marginal cost curve
c. above the demand curve
d. to the right of the demand curve
In finance, leverage is using:
A. the equity one owns to pay for investments planned in the future. B. borrowed money to pay for investments. C. forecasted future earnings to pay for current loans. D. predicted earnings to pay for current investments.