« previous next »

Author Question: In the short run, a rightward shift of the short-run aggregate supply curve ________ real GDP and ... (Read 99 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
In the short run, a rightward shift of the short-run aggregate supply curve ________ real GDP and ________ the price level.
 
  A) decreases; lowers
  B) increases; raises
  C) decreases; raises
  D) increases; lowers

Question 2

A monopolist that operates along the elastic range of its demand will find that
 
  A) its total revenue increases when price decreases.
  B) its total revenue decreases when price decreases.
  C) its marginal revenue is negative.
  D) it is more profitable to operate along the inelastic range of the demand curve.


Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Who Oversees the Food Supply? Who Oversees the Food Supply?
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The Radioactive Decay Curve The Radioactive Decay Curve
Video: Oogenesis Animation

For a complete list of videos, visit our video library