Author Question: In the long run, an increase in the price level: a. increases output prices relative to input ... (Read 141 times)

Coya19@aol.com · **on:** Jun 30, 2018

In the long run, an increase in the price level:
a. increases output prices relative to input prices.
b. increases the profit margins of many producers.
c. increases RGDP supplied.
d. Does none of the above.

Question 2

An increase in U.S. imports from Mexico will cause a decrease in income for Mexican individuals and businesses.
a. True
b. False
Indicate whether the statement is true or false