In the short run, a supply shock that shifts the short-run ...

[jace]

In the short run, a supply shock that shifts the short-run aggregate supply curve leftward raises the price level and increases real GDP.
 
  Indicate whether the statement is true or false

Question 2

Utilitarianism argues that
 
  A) Only equality brings efficiency.
  B) There is a tradeoff between equality and efficiency.
  C) The result is fair if the rules are fair.
  D) The competitive market is fair.

[ecox1012]

Answer to Question 1

FALSE

Answer to Question 2

A

[jace]

Thanks for the timely response, appreciate it

[debra928]

YES! Correct, THANKS for helping me on my review