Which of the following affect the growth in real GDP per capita?
a. the total production of final goods in the economy.
b. the population
c. the production of final services in the economy.
d. all of the above
d
Economics
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When will a decrease in aggregate demand not result in a lower inflation rate in the short run?
What will be an ideal response?
Economics
A price-taker firm will tend to expand its output so long as its
a. marginal revenue is positive. b. marginal revenue is greater than the market price. c. marginal revenue is less than the market price. d. marginal cost is less than the market price.
Economics