In the figure above, the economy is at an equilibrium with real GDP of 16 trillion and a price level of 110. As the economy moves toward its ultimate equilibrium, the ________ curve shifts ________ because ________.
A) aggregate supply; leftward; the money wage rate rises
B) aggregate supply; rightward; the money wage rate falls
C) aggregate demand; rightward; the money wage rate falls
D) aggregate demand; leftward; the money wage rate rises
E) potential GDP; leftward; the money wage rate falls
Question 2
Fill in the blank: Since millions of people now use email as opposed to traditional snail mail, the price elasticity of demand for the Post Office's first class letter service tends to ________.
A) decrease
B) increase
C) increase in the short run but then decrease in the long run
D) leave unchanged
Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Figure-8s on the toes mobilize joints of the foot.
Real Price of Oil, 1861–2010
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Application of the Hardy–Weinberg equilibrium