In the aggregate demand/aggregate supply model, an increase in a country's sustainable potential output is represented by
a. an increase in aggregate demand.
b. a decrease in aggregate demand.
c. an increase in long-run aggregate supply.
d. an increase in the general level of prices.
C
Economics
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The supply curve for a monopolist:
a. is upward sloping b. is vertical c. is equal to the MC curve above AVC d. is equal to the MR curve above the AVC e. none of the above
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Which of the following would not change the demand for automobiles?
A) a change in the price of gasoline B) a change in the cost of steel C) a change in the price of motorcycles D) a change in tastes
Economics