The value of all final goods and services produced during a given time period measures a nation's:

When does a price searcher's marginal revenue curve lie below its demand curve?

A) At all times, since this is the definition of a price searcher B) When it cannot confine price reductions to the new sales it's trying to attract by lowering its price C) When it is producing more than the net revenue maximizing quantity D) When its marginal cost curve is rising E) When the demand curve slopes downward to the right

An increase in the price level in the United States will have what effect on the aggregate expenditure line?

A) Aggregate expenditure will shift upward. B) Aggregate expenditure will become steeper. C) Aggregate expenditure will shift downward. D) Aggregate expenditure will not be affected by an increase in the price level in the United States.