Which of the following events will most likely cause an increase in both the price level and rGDP?

A) The prime rate increases
B) Exports increase
C) Income taxes increase
D) Crude oil prices decrease
E) Inflationary expectations decrease

Ans: B) Exports increase

Economics

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Which of the following is true regarding price discrimination?

i. It converts consumer surplus to economic profit. ii. A price discriminator must be a monopoly. iii. To be able to price discriminate, the firm must be able to identify different types of buyers. A) i and ii B) i and iii C) ii and iii D) ii only E) i, ii, and iii

Economics

The level of aggregate supply in the long run is not affected by

A) changes in technology. B) changes in the price level. C) changes in the capital stock. D) changes in the number of workers.

Economics