A person who would work for 15 more years earning $35,000 per year and discounts the future at an interest rate of 5.5% per year has an annually-compounded discounted expected present value of current and future earnings equal to

Suppose a perfectly competitive market is in long-run equilibrium with a price of $12. Then there is a permanent increase in demand

As a result, in the short run the market price ________ and in the long run the number of firms ________ and the price is ________ the price was in the short run. A) rises; does not change; is equal to B) rises; increases; higher than C) rises; does not change; lower than D) falls; decreases; is equal to E) rises; increases; lower than

A change that shifted the long-run aggregate supply curve to the right would also shift the short-run aggregate supply curve to the right

a. True b. False Indicate whether the statement is true or false