Inflation can only be caused by an increase in aggregate demand

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Real GDP per person is slowly converging around the world

Indicate whether the statement is true or false

Economics

Suppose the monopolist only sold the goods separately. What price will the monopolist charge for Good 2 to maximize revenues for good 2?

a. $2,300 b. $2,800 c. $1,200 d. $1,700

Economics