The long-run aggregate supply curve shows the relationship between the ________ and ________
A) price level; quantity of real GDP supplied
B) real interest rate; quantity of real GDP supplied
C) inflation rate; quantity of real GDP demanded
D) nominal interest rate; quantity of real GDP supplied
A
You might also like to view...
Assume the technology for producing personal computers improves and, at the same time, individuals discover new uses for personal computers so that there is greater utilization of personal computers. Which of the following will happen to equilibrium price and equilibrium quantity?
A) Price will increase; quantity cannot be determined. B) Price will decrease; quantity cannot be determined. C) Quantity will increase; price cannot be determined. D) Quantity will decrease; price cannot be determined.
Which of the following is a sequential game?
A) rock-paper-scissors (Roshambo) B) paintball C) Monopoly D) boxing
If a manager multiplies the quantity sold by the price paid for each unit, the manager calculates:
A. total profit. B. total revenue. C. total cost. D. total benefit.
When Dave in Detroit, MI buys stock in Ford Motor Co., NCO:
A. increases. B. is unaffected. C. decreases. D. is zero.