Studying the determination of prices in individual markets is ...

[HCHenry]

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.

[mcarey591]

Answer to Question 1

D

Answer to Question 2

A

[HCHenry]

Correct answers!

[mcarey591]

Great! Please up vote