The _____ effect indicates that an individual's income can buy more of all goods when the price of one good declines, everything else held constant

What would happen to measured GDP if more people started hiring workers to do house chores such as cooking and cleaning?

What will be an ideal response?

On the graph above, suppose the economy is at point F when there is a temporary positive supply shock. The new long-run equilibrium is at point ________

A) H B) I C) F D) G E) none of the above