In the short run, a rise in the federal funds rate ________ the price level and ________ real GDP. a. lowers; decreases b. lowers; does not change c. lowers; increases d. does not change; increases

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A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...

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A: Majority Decision is the one where more than 50% of the votes are in favor of one policy. 

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A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

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A: Answer is given below    

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