Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Consumption Investment Government Purchases Net Exports The federal government sends your grandmother a Social Security check.
You pay a domestic plumber for fixing a leak in your bathroom.
You buy a new Toshiba computer.
California hires workers to repave Highway 101.
Uncle Paul pays a domestic contractor for renovating his home.
Ford manufactures a Focus and adds it to its inventory.
Uncle John orders 10 new computers for his finance business.
Dell sells a desktop computer from its inventory to the Johnson family.

answer makes less frequent trips to the bank and firms make less frequent price changes;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.