A decrease in long-run aggregate supply increases the value of real GDP at the natural rate of unemployment for all price levels

In economics, international trade is based on the existence of

A) absolute advantage between countries. B) relative advantage between countries. C) comparative advantage between countries. D) output advantage between countries.

Federal subsidies to higher education have the effect of

a. increasing the demand for higher education b. increasing the supply of higher education c. decreasing the demand for higher education d. decreasing the supply of higher education