This topic contains a solution. Click here to go to the answer

Author Question: In the short run, an increase in aggregate demand A) lowers the price level and decreases real ... (Read 114 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
In the short run, an increase in aggregate demand
 
  A) lowers the price level and decreases real GDP.
  B) lowers the price level and increases real GDP.
  C) raises the price level and increases real GDP.
  D) raises the price level and decreases real GDP.

Question 2

In the above figure, a sales tax of 1 per unit imposed on sellers shifts the
 
  A) demand curve rightward.
  B) supply curve leftward.
  C) demand curve leftward.
  D) supply curve rightward.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

C

Answer to Question 2

B




melly21297

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library