Author Question: In the figure above, the allocatively efficient output of computers is A) 2 million per year. B) ... (Read 111 times)

P68T · **on:** Jun 29, 2018

In the figure above, the allocatively efficient output of computers is

A) 2 million per year.
B) 3 million per year.
C) 4 million per year.
D) the largest amount possible.

Question 2

In a short-run macroeconomic equilibrium, potential GDP exceeds real GDP. If aggregate demand does not change, then the

A) short-run aggregate supply curve will shift rightward as the money wage rate falls.
B) short-run aggregate supply curve will shift leftward as the money wage rate rises.
C) long-run aggregate supply curve will shift leftward as the money wage rate rises.
D) long-run aggregate supply curve will shift leftward as the money wage rate falls.