A _____ between a parent company and the operator of a local outlet specifies each party's duties and the structure of payments that link them, and can turn the combined organization into a stronger competitor

The alternative quantities demanded for a given time period at different possible prices is known as

A) absolute demand. B) a demand schedule. C) real demand. D) constant demand.

In the short run, if aggregate demand shifts to the left while the position of the short-run aggregate supply curve does NOT change, then

A) the level of economic activity rises. B) a recessionary gap occurs. C) there is no change in real GDP and the price level. D) an inflationary gap occurs.