The statement, "My iPhone is worth $300" represents money's function as

Slope is calculated as the

A) change in the vertical variable. B) change in the vertical variable divided by the change in the horizontal variable. C) change in the horizontal variable divided by the change in the vertical variable. D) the vertical axis divided by the horizontal axis.

Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS2 and AD2

Now there is an increase in labor productivity which increases total planned production at any given price level and aggregate demand remains stable. The resulting change in the economy's long-run equilibrium position would be represented by a A) movement from B to D. B) movement from C to D. C) movement from C to B. D) movement from A to B.