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Author Question: Studying the determination of prices in individual markets is primarily a concern of A) positive ... (Read 32 times)

HCHenry

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on: Jun 29, 2018
Studying the determination of prices in individual markets is primarily a concern of
 
  A) positive economics.
  B) negative economics.
  C) macroeconomics.
  D) microeconomics.

Question 2

Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with
 
  A) a higher price level but the same real GDP.
  B) a higher price level and an increased level of real GDP.
  C) the same price level and a lower level of real GDP.
  D) the same price level and the same real GDP.
  E) None of the above answers is correct.


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mcarey591

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


HCHenry

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Reply #2 on: Jun 29, 2018
Correct answers!


mcarey591

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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