? Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase:
A. ?both the price level and real GDP.
B. real GDP without raising the price level.
C. the price level without affecting real GDP.
D. ?the price level but reduce real GDP.
Answer: A
Economics
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Input-output analysis is rarely used because
a. it requires tremendously complex calculations. b. it requires large amounts of data. c. market economies can instead rely on the price mechanism to organize production. d. All of the above are correct.
Economics
If a monopolist can sell 20 units at price of $200 per unit and 30 units at a price of $180 per unit, its marginal revenue at an output of 30 is
A) $-200. B) $800. C) $1400. D) $1800.
Economics