In the short run, a rise in the price level brings a ________ in the real interest rate that ________ investment, bringing ________ in the quantity of real GDP demanded

A) rise; decreases; a decrease
B) fall; decreases; a decrease
C) fall; increases; an increase
D) rise; increases; an increase
E) rise; decreases; an increase

A

Economics

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A monopolistically competitive market is described as one in which there are

A) a large number of firms selling similar, but not identical, products. B) one large firm and many small firms producing identical products. C) a few firms producing an identical product. D) a few firms producing differentiated products.

Economics

Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction they did, what would have to have happened to aggregate demand?

a. It would have to have shifted left by less than aggregate supply shifted b. It would have to have to shifted left by more than aggregate supply shifted. c. It would have to have shifted right by less than aggregate supply shifted d. It would have to have to shifted right by more than aggregate supply shifted.

Economics