Author Question: When the price level rises, the quantity of real GDP supplied because . A) ... (Read 78 times)

Kthamas · **on:** Jun 30, 2018

When the price level rises, the quantity of real GDP supplied ________ because ________.

A) increases; new businesses open
B) increases; businesses fail and have to shut their doors
C) decreases; businesses fail and have to shut their doors
D) increases; AS curve shifts rightward
E) decreases; new businesses open

Question 2

Consider a nation that has a comparative advantage in the production of goods using unskilled labor. What types of workers will benefit from increased trade, and what type will lose?

What will be an ideal response?

mcomstock09 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

As a result of trade, the wage of unskilled labor will increase and the wage of skilled labor will decrease.