Assume an economy is in equilibrium at a real GDP of $5 trillion. If aggregate expenditure (AE) increases by $1 trillion, the economy's equilibrium real GDP is likely to

Increasing returns means that

A) each additional worker produces more than the worker before him/her. B) each additional worker costs less. C) marginal cost rises. D) technology is having a negative impact on production.

Banks exert some control over who will regulate them because banks:

A. spend a lot of money contributing to political campaigns. B. pay the salary of the regulator. C. have the right to decide on which regulator will oversee their bank. D. can switch their charter from state to federal and vice versa.