The table above gives costs at Jan's Bike Sho

The slope of the short-run aggregate supply curve depends on how sharply: a. the marginal cost of production rises as real GDP expands. b. the average cost of production rises as real GDP expands. c. real GDP increases as the price level rises

d. nominal GDP increases as the price level rises. e. product prices change as the price level rises.

If the quantity of money supplied exceeds the quantity of money demanded, at a point in time: a. the price level in the economy will fall

b. the equilibrium interest rate will fall. c. the equilibrium interest rate will fall. d. the money demand curve will shift to the right. e. the money demand curve will shift to the left.