A decrease in short-run aggregate supply ________ the equilibrium price level and ________ the equilibrium quantity of real GDP
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
B
Economics
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Explain why the Social Security system faces problems. Discuss the possible solutions to these problems
What will be an ideal response?
Economics
If a short-run fixed cost is sunk, then
A) losses can be minimized by shutting down. B) the firm should keep producing to cover the sunk cost. C) the cost cannot be avoided by shutting down. D) Both B and C.
Economics