A decrease in the price level accompanied by no change in the money wage rate leads to ________ movement along the ________ aggregate supply curve

A) a downward; short-run
B) an upward; short-run
C) a downward; long-run
D) an upward; long-run

A

Economics

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Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is

A) 2 trucks. B) 1 automobile. C) 1/2 of a truck. D) 3 trucks. E) 6 automobiles - 3 trucks.

Economics

In Econland total output is $6 billion, population equals 250,000 people, and, of these, 200,000 are employed workers. Output per person in Econland equals ________ and average labor productivity equals ________.

A. $24,000; $24,000 B. $30,000; $30,000 C. $30,000; $24,000 D. $24,000; $30,000

Economics