An externality can be a A) cost or a benefit. B) benefit but ...

[bobthebuilder]

An externality can be a
 
  A) cost or a benefit.
  B) benefit but not a cost.
  C) cost but not a benefit.
  D) marginal cost but not a total cost.

Question 2

In the short-run, a rise in the money wage rate leads to
 
  A) an increase in the price level and an increase in real GDP.
  B) an increase in the price level and a decrease in real GDP.
  C) an increase in the price level, but no change in real GDP.
  D) no change in the price level, but an increase in real GDP.

[ultraflyy23]

Answer to Question 1

A

Answer to Question 2

B

[bobthebuilder]

Thanks for the timely response, appreciate it

[bdobbins]

Excellent