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Author Question: The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following ... (Read 31 times)

cartlidgeashley

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on: Jun 29, 2018
The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following events will decrease Sparta's real GDP in the short run?
 
  A) a decrease in taxes
  B) a fall in resource prices
  C) a decrease in government expenditure
  D) an increase in investment

Question 2

A perfectly competitive firm's marginal cost exceeds its marginal revenue at its current output. To increase its profit, the firm will
 
  A) lower its price.
  B) raise its price.
  C) decrease its output.
  D) increase its output.


dawsa925

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

C

Answer to Question 2

C


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cartlidgeashley

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Reply #2 on: Jun 29, 2018
Correct answers!


dawsa925

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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