An decrease in the price level in the United States will shift the aggregate expenditure line downward

If the shutdown rule, p < AVC, is the same in the short run and the long run, explain why the shutdown prices may be different

What will be an ideal response?

Which of the following is not a basis for trade between two nations?

a. different skill levels of the labor forces b. one nation's absolute advantage c. a difference in tastes between countries d. economies of scale e. different capital stocks