Assuming a long-run aggregate supply curve, an increase in the money supply results in ________ in output and ________ in price level

Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity would be

A) 400. B) 800. C) 1,200. D) > 1,200.

Refer to the game between James and Theodore depicted in Figure 12.2. Which of the following is true?

A. If James chooses Up, Theodore's best response is to choose Right.

B. If James chooses Down, Theodore's best response is to choose Left.

C. If Theodore chooses Left, James's best response is to choose Up.

D. If Theodore chooses Right, James's best response is to choose Up.