A rising price level should shift the expenditure schedule
a. upward and decrease equilibrium real GDP.
b. downward and increase equilibrium real GDP.
c. downward and decrease equilibrium real GDP.
d. upward and increase equilibrium real GDP.
c
Economics
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Which of the following models results in the greatest total profit, assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot B) Stackelberg C) Monopoly D) Perfect competition
Economics
The interest rate is the
A. rate of investment. B. price of credit. C. rate of return on investment in capital goods. D. expected rate of inflation.
Economics