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Author Question: Refer to Figure 7-1. The market equilibrium quantity is ________ thousand vaccinations. A) 100 B) ... (Read 80 times)

K@

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on: Jun 29, 2018
Refer to Figure 7-1. The market equilibrium quantity is ________ thousand vaccinations.
 
  A) 100 B) 200 C) 300 D) >300

Question 2

If the price level and the money wage rate rise by the same percentage, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move?
 
  What will be an ideal response?


Jayson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

If the price level and the money wage rate rise by the same percentage, there is no change in the quantity of real GDP supplied and a movement occurs up along the LAS curve.


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