Food retailers usually do not compete on which of the following factors?

Assuming the economy is experiencing a recessionary gap, classical economists predict that:

a. wages will remain fixed. b. lower wages will shift the short-run aggregate supply curve rightward. c. monetary policy should intervene. d. higher wages will shift the short-run aggregate supply curve leftward.

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800, and investment of $3,000 . GDP equals

a. $24,450. b. $11,550. c. $15,300. d. $20,700.