Author Question: The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following ... (Read 82 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following events will decrease Sparta's real GDP in the short run?
 
  A) a decrease in taxes
  B) a fall in resource prices
  C) a decrease in government expenditure
  D) an increase in investment

Question 2

A perfectly competitive firm's marginal cost exceeds its marginal revenue at its current output. To increase its profit, the firm will
 
  A) lower its price.
  B) raise its price.
  C) decrease its output.
  D) increase its output.



dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

dawsa925

  • Sr. Member
  • ****
  • Posts: 326

 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

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.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library