Real GDP measures:
What will be an ideal response?
current output at base year prices
Economics
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Which aggregate supply curve has a positive slope?
A) both long run and short run B) neither long run nor short run C) short run only D) long run only
Economics
In trying to make a profit maximizing decision, managers are concerned about both supply and demand. Which of the following factors affect demand specifically? (select all that apply)
A. Income B. cost of production C. Consumers' tastes D. Price of related goods
Economics