Which of the following also occurs as the production possibilities curve shifts outward?
A. GDP per capita remains constant.
B. The unemployment rate rises.
C. Long-run aggregate supply increases.
D. Output decrease.
Answer: C
Economics
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All of the following are reasons that health care costs have risen so much in the past few decades EXCEPT
A) the aging population. B) higher imports. C) new technologies. D) third party payments.
Economics
In a competitive market with large search costs, many firms, and asymmetric information, why is the monopoly price the only possible single-price equilibrium?
What will be an ideal response?
Economics