Suppose that 1000 identical sellers each set their profit-maximizing output level at 18 units when price equals $10 . Then what is market quantity supplied at a price of $10

Expansionary fiscal policy is incapable of solving the underlying problem of a negative real shock. Which of the following problems also makes it difficult to use fiscal policy to combat a negative real shock?

A. The problem of timeliness of fiscal policy B. The problem of crowding out of private spending C. All of these problems make it difficult. D. The problem of targeting fiscal policy

If expected inflation rises, the long-run Phillips curve will

A) become negatively sloped. B) shift to the left. C) shift to the right. D) not be affected.