In this graph, at point PL1, price level is ______.
a. high because of a recession
b. low because of a recession
c. unsustainable in the short run
d. unsustainable in the long run
b. low because of a recession
Economics
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Explain the problem encountered by successive monopolies? How can the supplier and the producer overcome this problem?
Economics
Refer to the above table. Suppose the price of A increases from $10 to $12. What is the cross price elasticity of demand between A and C?
A. +7.06 B. -7.06 C. -0.292 D. +0.292
Economics