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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If profits are high because the price level rose,
A) it is likely the result of an increase in the real wage rate.
B) new businesses open and the quantity of real GDP supplied increases.
C) business failures rise and the quantity of real GDP supplied increases.
D) potential GDP must be decreasing.
E) the AS curve shifts leftward.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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