A curve showing the amount of real output we collectively wish to purchase at various alternative price levels is called the
A. aggregate production function.
B. aggregate demand curve.
C. Phillips curve.
D. aggregate supply curve.
B. aggregate demand curve.
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If the consumption schedule is a straight line, it can be concluded that the
A. APC is equal to the MPC. B. MPC is constant at various levels of income. C. MPC is zero. D. APC is necessarily constant.
Which represents the percentage of all U.S. businesses that are corporations, and the percentage of all goods that those corporations sell?
a. 10% of businesses; 50% of goods sold b. 20% of businesses; 50% of goods sold c. 20% of businesses; 90% of goods sold d. 50% of businesses; 75% of goods sold
What is an externality? Explain how someone receiving a meningitis vaccination is an example of an externality in the market for health care
What will be an ideal response?
Find examples of scarcity in today's headlines
What will be an ideal response?