Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

What are the proximate causes of prosperity? How are they related to the fundamental causes of prosperity?

What will be an ideal response?

The marginal product of any input is the

a. increase in total cost associated with a one-unit increase in production. b. change in total output associated with a $1.00 increase in total cost. c. increase in total cost resulting from the hiring of an additional worker. d. increase in total output obtained from one additional unit of that input.