Economic expansions in Germany and Japan would cause
A. the U.S. price level and real GDP to rise.
B. the U.S. price level and real GDP to fall.
C. the U.S. price level to rise and real GDP to fall.
D. the U.S. price level to fall and real GDP to rise.
Ans: A. the U.S. price level and real GDP to rise.
Economics
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What typically happens to benefits as the amount of an activity is increased?
A) Total benefits remain constant. B) Marginal benefit increases. C) Marginal benefit remains constant. D) Marginal benefit decreases. E) The marginal benefit changes only if the marginal cost changes.
Economics
The above figure shows a graph of the market for pizzas in a large town. What are the equilibrium price and quantity?
A) p = 8, Q = 60 B) p = 7, Q = 40 C) p = 7, Q = 70 D) p = 10, Q = 40
Economics