Which of the following explains the shape of the short-run ...

[big1devin]

Which of the following explains the shape of the short-run aggregate supply curve?
 a. The inverse relationship between the quantity supplied and the cost per
  b. The direct relationship between the quantity supplied and the cost per unit
  c. The direct relationship between the quantity supplied and the price level
  d. The inverse relationship between quantity supplied and GDP
 e. The inverse relationship between quantity supplied and the profit per unit

Question 2

Which of these changes is likely to follow when the Fed purchases U.S. government securities?
 a. Aggregate demand will decrease.
 b. The demand for financial securities will increase.
  c. Rate of interest will increase.
 d. Planned investment spending will increase.
 e. Real GDP will decrease.

[joshbk44]

Answer to Question 1

c

Answer to Question 2

d

[big1devin]

Excellent

[Joy Chen]

Thanks for the timely response, appreciate it