An increase in the price level will:
a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply.
b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply.
c. increase short-run aggregate supply

d. decrease short-run aggregate supply.

a

Economics

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Refer to the scenario above. What will the outcome of this game be?

A) Both players will choose black. B) Both players will choose white. C) Arthur will choose white and Catherine will choose black. D) Catherine will choose white and Arthur will choose black.

Economics

A subgame-perfect equilibrium:

a. is not a Nash equilibrium; it is a refinement of Nash equilibrium. b. is an equilibrium concept used in simultaneous games. c. is a special sort of Nash equilibrium. d. can be ruled out using backward induction.

Economics