When wage rates rise the short-run aggregate supply curve shifts to the right
Indicate whether the statement is true or false
False
Economics
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Refer to Figure 5-2. The marginal benefit of the last unit produced is represented by the price
A) Pa. B) Pb. C) Pc. D) Pf.
Economics
If the base year is 2005, the nominal GDP for 2015 is $10,000 billion, and the GDP deflater for 2015 is 90, what is the real GDP for 2015 compared to 2005?
a. $9,000 billion b. $10,090 billion c. $11,111 billion d. $12,001 billion
Economics