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What could cause both an increase in the price level and the increase in real output?
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If a some level of GDP the economy is experiencing an unintended decrease in inventories?
domestic output will increase
A nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
An increase in the federal budget deficit?
Raises the equilibrium level of output and employment.
What happens to the aggregate supply curve as the price level increases?
Firms have more of an incentive to increase output
With a given level of world resources international trade may bring about an increase in total world output?
With a constant level of world resources, international trade brings about an increase in total world output. International trade causes each country to specialize in the production of goods in which it has a comparative advantage. In this case, the world uses its resources more efficiently resulting in additional output.
Could a significant increase in sea organism population cause an increase in ocean level?
Not by much
If both aggregate output and the aggregate price level increase what will happen?
a decrease in need which will in turn surplus the output and decrease the price level. then output will decrease.
According to aggregate supply curve what happens as the price level increases?
firms have more of an incentive to increase output
When a firm hired its tenth worker its factory output increased by four units per month Would you expect the firm's output to increase by eight more units per month if the firm hired two more wo?
Depending on the marginal output of the workers at that level of output, an additional two could increase output my more than 8, exactly eight, or less than 8 units.
If a some level of GDP the economy is experiencing an unintended decrease in inventories?
domestic output will increase
A nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
Why can small increases in the level of a hormone cause disease?
A small increase or decrease in hormone level can cause disease.
What happens to the aggregate supply curve as the price level increases?
Firms have more of an incentive to increase output
An increase in the federal budget deficit?
Raises the equilibrium level of output and employment.
What effect does stimulation of the acetylcholine receptors of the heart have on cardiac output?
The effect would be an increase in cardiac output. However, there is a maximum level and then the heart would not have time to fill fully and the output would decrease.
What effect does stimulation of acetylcholine receptors of the heart have on cardiac output?
The effect would be an increase in cardiac output. However, there is a maximum level and then the heart would not have time to fill fully and the output would decrease.
With a given level of world resources international trade may bring about an increase in total world output?
With a constant level of world resources, international trade brings about an increase in total world output. International trade causes each country to specialize in the production of goods in which it has a comparative advantage. In this case, the world uses its resources more efficiently resulting in additional output.
