If the AS curve is vertical, then it follows that
A) Real GDP changes will always arise from the supply side of the economy.
B) Real GDP changes will always arise from the demand side of the economy.
C) Price level changes will always arise from the demand side of the economy.
D) Price level changes will always arise from the supply side of the economy.
E) a and c
E
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During the last two centuries, after adjustment for inflation,
A) both corporate stocks and bonds have yielded an average annual real rate of return of about 3 percent. B) corporate stocks have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for bonds. C) corporate bonds have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for corporate stocks. D) both corporate stocks and bonds have yielded an average annual real rate of return of about 7 percent.
Advertising intended to induce a consumer to discover a previously unknown taste or preference is
A. persuasive advertising. B. direct advertising. C. mass marketing advertising. D. informational advertising.