The long-run aggregate supply curve is:
a. upward-sloping

b. downward-sloping.
c. horizontal.
d. vertical.
e. none of the above.

d

Economics

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A fall in the real interest rate, all other things held constant, will cause a country's ________ to ________

A) current consumption: increase B) current consumption: decrease C) terms of trade; improve D) terms of trade; worsen E) welfare level; improve

Economics

At the current price of a good, Al's consumer surplus equals eight, and Ben's consumer surplus equals 15. By charging a two-part tariff, a monopolist could increase his profit by

A) 8. B) 16. C) 15. D) 30.

Economics