In short-run equilibrium, it is always true that
A) quantity demanded of Real GDP = quantity supplied of Real GDP = Natural Real GDP.
B) quantity demanded of Real GDP > quantity supplied of Real GDP.
C) quantity demanded of Real GDP = quantity supplied of Real GDP.
D) a and b
E) There is not enough information to answer the question.
C
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Which one of the following variables is most likely to decline as production effort increases?
a. Marginal cost b. Total revenue c. Marginal revenue d. Total costs e. Total production
An increase in the expected profit from new capital brings about a
A) movement down along the demand for loanable funds curve. B) movement up along the demand for loanable funds curve. C) rightward shift of the demand for loanable funds curve. D) leftward shift of the demand for loanable funds curve. E) rightward shift of the supply of loanable funds curve.