Changes in the price level
A) do not affect the level of aggregate supply in the long run.
B) increase the level of aggregate supply in the long run.
C) decrease the level of aggregate supply in the long run.
D) increase the level of aggregate supply in the long run only at very high levels of output.
A
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Robert and Neal are playing the ultimatum game, starting with $100 . Based on the coin toss, Robert is the player to propose a division of the $100 . If Robert acts as economic theory assumes and Neal acts as experimental evidence shows, Neal will
a. accept Robert's proposal of keeping $99 and offering Neal $1. b. accept Robert's proposal of keeping $60 and offering Neal $40. c. reject Robert's proposal of keeping $99 and offering Neal $1. d. reject Robert's proposal of keeping $60 and offering Neal $40.
Which of the following would be effective transitions in a team presentation?
If the supply schedule for a product has an upward slope and the price of that product declines from $100 to $75, the:
a. Quantity supplied of the product will increase b. Quantity supplied of the product will decline c. Supply of the product will shift to the right d. Supply of the product will shift to the left
According to the above figure, the average propensity to save (APS) is zero at point
A. D. B. J. C. I. D. F.