Refer to Figure 11-1. The marginal product of the 3rd worker is

Which of the following increases aggregate demand and shifts the AD curve rightward?

A) a fall in the price level B) an increase in the quantity of money and a resulting fall in the interest rate C) predictions of a recession that lead to expectations of lower future income D) an increase in the exchange rate that makes imports less expensive

Explain why it is unwise to bid more than your valuation of the good in a sealed bid second-price auction

What will be an ideal response?