Refer to the figure above. What is the total surplus before Barylia opens up to free trade?

A) $250
B) $325
C) $800
D) $1,125

C

Economics

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The country of Epsilon has continuous strong economic growth and a steady price level. This situation is most likely the result of aggregate demand growing ________ aggregate supply

A) at the same pace as long-run B) slower than long-run C) slower than short-run D) faster than long-run

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Inflation will

A) decrease the quantity of real GDP demanded. B) decrease aggregate demand. C) increase the quantity of real GDP demanded. D) increase aggregate demand.

Economics