Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:

Which of the following belongs to the government regulation to control pollution?

A) emissions standard B) emissions fee C) effluent charge D) All of the above

The Organization of Petroleum Exporting Countries is an example of: a. a price leadership system

b. a trade group whose members have yet to influence the world price of oil, despite repeated attempts to collude. c. a successful monopoly. d. a periodically successful cartel.