From 1948 to 2010, the United States has experienced only 4 recessions

If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor

A) will decrease. B) will remain the same. C) will increase. D) and what will happen to it cannot be determined.

In the above figure, an increase in aggregate demand has resulted in

A) a decline in the price level. B) economic growth. C) an inflationary gap. D) a recessionary gap.