When potential GDP increases, long-run aggregate supply also ...

[cartlidgeashley]

When potential GDP increases, long-run aggregate supply also increases.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 16-6. If Sensei acts as a monopolist and charges the profit-maximizing price, what is the consumer surplus received by his customers?
 
  A) the area A + C + H B) the area A + B + C + D
  C) the area A + B D) the area A + B + C + D + E

[lindahyatt42]

Answer to Question 1

TRUE

Answer to Question 2

C

[cartlidgeashley]

Thanks for the timely response, appreciate it

[alvinum]

Wow, this really help