In the United States, all families pay the same proportion of their income in taxes

What is measured on the horizontal axis when we draw a graph of the long-run aggregate supply curve?

A) production of consumer goods B) real GDP C) production of capital goods D) the price level

A predatory pricing strategy will have the greatest chance of success when the predatory price is set below the cost of the firm's competitors, new rivals are unlikely to enter after the strategy ends, and profits can be recouped in a relatively

short period of time. Indicate whether the statement is true or false