The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregate supply curve does not shift, then aggregate demand will ________, real GDP will ________, and the price level will ________
A) increase; increase; remain the same
B) increase; remain the same; increase
C) decrease; increase; increase
D) decrease; decrease; decrease
E) remain the same; increase; increase
D
Economics
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In a recent survey of 574 employees, 15.5% indicated that they were not in favor of a particular plan. What is the level of confidence associated with the interval of 12.85% to 19.89%?
Economics
If marginal revenue equals marginal cost, the firm is maximizing profits as long as
A) the resulting profits are positive. B) marginal cost exceeds marginal revenue for greater levels of output. C) the average cost curve lies above the demand curve. D) All of the above are required.
Economics