The model of monopolistic competition can characterize the market for plumbing services in a city. suppose that the market is initially in long-run equilibrium, and then there is an increase in demand for plumbing services. we expect that in the short run the

a. and output of plumbing services will remain unchanged.
b. of plumbing services will rise and the output will fall.
c. and output of plumbing services will rise.
d. and output of plumbing services will fall.

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?

when taxes are levied on transactions, irrespective of the party they are levied on, a. the government can absorb some of the surplus, but also creates a social loss since some of the wealth creating transactions are discouraged b. the government can absorb all the producer surplus from the transactions as revenue c. the government can absorb all of the surplus (producer and consumer) d. the government can absorb all the consumer surplus from the transactions as revenue

Type the object of the prepositional phrase that appears in capital letters. marcy plans to select a worthy charity and offer to with fund-raising events.