________ is fixed when moving along the aggregate supply curve
A) The real wage rate
B) Real GDP
C) Employment
D) The price level
E) The money wage rate
E
Economics
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In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization
A) easier; less B) easier; more C) harder; less D) harder; more
Economics
The general form of the per-person production function used in Chapter 10 is
A) (Y/N) = A - f(N/K). B) (Y/N) = A + f(N/K). C) (Y/N) = A/f(K/N). D) (Y/N) = Af(K/N).
Economics