Which of the following is associated with an increase in the average price level?
a. A decrease in the aggregate quantity demanded
b. An increase in the aggregate quantity demanded
c. A leftward shift of the aggregate demand curve
d. A decrease in the aggregate quantity supplied
e. Aggregate quantity demanded remains unchanged but the aggregate expenditures curve shifts leftward.
a
Economics
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A lagging variable can be recognized by the fact that
A) its persistence is smaller than that of GDP. B) its turning points happen before the turning points of GDP. C) the turning points of GDP happen before its turning points. D) its persistence is larger than that of GDP.
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Why should a perfect competitor produce at which price equals marginal cost?
What will be an ideal response?
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