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Author Question: In the short run, real GDP can increase beyond a level consistent with the long-run growth path if ... (Read 89 times)

daltonest1984

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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


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maaaaaaaaaa

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

A

Answer to Question 2

B


daltonest1984

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

hramirez205

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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