When the price of a good decreases,
A) supply increases.
B) supply decreases.
C) quantity supplied increases.
D) quantity supplied decreases.
D
Economics
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Models that focus on factors other than changes in the money supply to explain fluctuations in real GDP are called
A) rational expectations models. B) real business cycle models. C) nonmonetary business cycle models. D) short-run macroeconomic models.
Economics
In economic theory, if an additional worker adds less to the total output than previous workers hired, it is because
A) there may be less that this person can do, given the fixed capacity of the firm. B) he/she is less skilled than the previously hired workers. C) everyone is getting in each other's way. D) the firm is experiencing diminishing returns to scale.
Economics