When a firm cheats in a cartel, it assumes that:
a. other firms will also change their output.
b. other firms will not change their output.
c. the price of the good will not change

Which is largest in an advanced economy like the U.S.?

A. GDP measured by income B. GDP measures by spending C. GDP measured by production D. the previous three have the same value

Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess ________ of money which will cause the interest rate to fall

A) right; supply B) right; demand C) left; supply D) left; demand