Author Question: Refer to Table 2-5. Estonia has a comparative advantage in the production of A) neither product. ... (Read 78 times)

waynest · **on:** Jun 29, 2018

Refer to Table 2-5. Estonia has a comparative advantage in the production of

A) neither product. B) lumber. C) cell phones. D) both products.

Question 2

Which of the following could explain why there is an increase in potential GDP but the equilibrium level of GDP does not rise?

A) SRAS shifted to the right by more than LRAS. B) AD shifted to the right by more than SRAS.
C) SRAS and AD do not shift. D) AD shifted to the right by less than SRAS.