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 41 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
YES! Correct, THANKS for helping me on my review

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Role of PKM-zeta in Long-Lasting Long-Term Potentiation Role of PKM-zeta in Long-Lasting Long-Term Potentiation
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Mechanisms of pain at the nociceptor level. Mechanisms of pain at the nociceptor level.
Brush off front to finish. Long brushing strokes from head to feet to finish. Brush off front to finish. Long brushing strokes from head to feet to finish.
In a simulation, the path of a new aircraft after it has achieved weightlessness In a simulation, the path of a new aircraft after it has achieved weightlessness
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library