This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the short run, real GDP can increase beyond a level consistent with the long-run growth path if ... (Read 95 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
In the short run, real GDP can increase beyond a level consistent with the long-run growth path if
 
  A) existing capital and labor are used more intensely.
  B) the price level decreases accordingly.
  C) we measure in nominal terms instead of real terms.
  D) there is an increase in marginal tax rates.

Question 2

Refer to the above figure. What are the price and quantity if this monopolist is required to use average cost pricing?
 
  A) P5, Q1
  B) P3, Q3
  C) P2, Q1
  D) P1, Q4


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


daltonest1984

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
:D TYSM

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
This illustration shows the decibel level in various locations and associated with different ... This illustration shows the decibel level in various locations and associated with different ...
Mechanisms of pain at the nociceptor level. Mechanisms of pain at the nociceptor level.
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library