When aggregate demand meets aggregate supply in the horizontal portion of the aggregate supply curve,
A) a decrease in demand will cause prices to rise but no change in output.
B) a decrease in demand will cause output to rise but no change in prices.
C) a decrease in demand will cause prices to fall but no change in output.
D) a decrease in demand will cause output to fall but no change in prices.
Question 2
The United States' comparative advantage over Japan in the production of rock-n-roll music implies that (for a similar quality of music) the
A) opportunity cost of production is less in Japan.
B) absolute cost of production is less in the United States.
C) absolute cost of production is less in Japan.
D) opportunity cost of production is less in the United States.
A portion of the periodic table of elements
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra
The growing demand for electrical power, carbon sequestration and storage must be a priority
Growth in the demand for oil from the developing world
Nerve meets muscle