Beginning from the full-employment level of real GDP, an increase in one of the components of the aggregate demand curve will increase the:
a. average level of prices (CPI).
b. unemployment rate

What costs associated with the new auto-emission standards arise from decisions made in self-interest and in the social interest?

What will be an ideal response?

Inelastic supply occurs whenever the elasticity of supply value is

A) positive and > 1. B) positive and < 1. C) any positive number. D) negative and < -1.