Along the intermediate range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
a. both the price level and real GDP.
b. only real GDP.
c. only the price level.
d. real GDP and reduce the price level.
a
Economics
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During the Great Depression, Tobin's q
A) rose dramatically, as did real interest rates. B) fell to unprecedentedly low levels. C) stayed fairly constant, in contrast to most other economic measures. D) rose only slightly, in spite of Hoover's attempts to prop it up.
Economics
When firms have market power, it means that they:
A. are a price taker. B. can noticeably affect the market price. C. do not affect the market quantity offered for sale. D. can earn as much profit as they want.
Economics