Along the aggregate supply curve, the quantity of real GDP supplied increases when the price level rises because
A) the real wage rate rises.
B) the demand for the goods and services increases.
C) the real wage rate falls.
D) the real wage rate and profits both fall.
E) profits decrease.
C
Economics
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What will be an ideal response?
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If all six suppliers of cement to Metropolis all agree to establishes a price of $45 per ton, this would be
a. a legal contract b. price discrimination c. cost-plus pricing d. a cartel e. beneficial to consumers
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