An autonomous rise in ________ shifts the LM curve to the ________, everything else held constant

The table below shows data for India's economy. Real GDP is measured in millions of rupees

Price level Real GDP supplied in the short run Real GDP demanded a 114 23,501 35,898 b 120 25,355 32,341 c 125 27,670 27,670 d 131 30,366 18,569 e 138 33,164 15,898 If potential GDP in India is ________ million rupees, India is experiencing ________. A) 26,500; an inflationary gap B) 28,500; an above-full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap

If people posing as a vacationers were able to purchase large numbers of airline tickets from the airlines and later resell them to business travelers

A) group price discrimination on the part of airlines would no longer be profitable. B) group price discrimination on the part of airlines would no longer be profit maximizing. C) the airlines would respond by raising further the price charged to business flyers. D) the people reselling would not earn any economic profit.