Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

A student wrote: "When the average product of labor exceeds the marginal product, the marginal product is increasing." If you were the instructor, how would you correct this statement?

What will be an ideal response?

This agency is responsible for protecting consumers from products posing fire, electrical, chemical, or mechanical hazards or dangers to children

A) Environmental Protection Agency B) Consumer Product Safety Commission C) Equal Employment Opportunity Commission D) Occupational Safety and Health Administration