Use the above figure. The profit-maximizing or loss minimizing output and price will be

According to the Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, employment, and the price level? Distinguish between the short run and the long run.(a)Expected inflation decreases.(b)Labor supply increases due to a change in demographics.(c)The future marginal product of capital increases.

What will be an ideal response?

The law of diminishing marginal utility implies that

A. supply curves always slope upward and to the right. B. a consumer will always buy positive amounts of all goods. C. demand curves always slope downward and to the right. D. total utility will always increase by an increasing amount as consumption increases.