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

[Kthamas]

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]

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]

Great answer, keep it coming

[skipfourms123]

Thanks for the timely response, appreciate it