Holding everything else constant, as the price of natural gas rises, selling natural gas becomes
a. more profitable, and the quantity supplied falls
b. less profitable, and the quantity supplied rises
c. less profitable, and the quantity supplied falls
d. more profitable, and the quantity supplied rises
e. more profitable, but the quantity supplied does not change
D
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On the long-run aggregate supply curve
A) an increase in the price level reduces the aggregate quantity of GDP supplied. B) an increase in the price level has no effect on the aggregate quantity of GDP supplied. C) an increase in the price level increases the level of potential GDP. D) an increase in the price level increases the aggregate quantity of GDP supplied.
Which of the following is correct?
a. The Fed can control the money supply precisely. b. The amount of money in the economy does not depend on the behavior of depositors. c. The amount of money in the economy depends in part on the behavior of banks. d. None of the above is correct.