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Author Question: In the classical model, a rightward shift in the aggregate demand curve will, in the long run, A) ... (Read 129 times)

olgavictoria

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on: Jun 29, 2018
In the classical model, a rightward shift in the aggregate demand curve will, in the long run,
 
  A) increase real GDP and the price level.
  B) increase real GDP and will not change the price level.
  C) decrease real GDP and will not change the price level.
  D) not change real GDP and will increase the price level.

Question 2

Which of the following is NOT a characteristic of oligopoly firms?
 
  A) strategic dependence
  B) product differentiation
  C) non-price competition, such as advertising and promotions
  D) perfectly elastic demand curves


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diana chang

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

D

Answer to Question 2

D


olgavictoria

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

essyface1

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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