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Author Question: When the price level rises, the quantity of real GDP supplied ________ because ________. A) ... (Read 140 times)

Kthamas

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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?


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mcomstock09

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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.


Kthamas

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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