In the aggregate demand-aggregate supply model, the economy's price level is assumed to be ________.

A. constant, just like in the aggregate expenditures model
B. variable, unlike in the aggregate expenditures model
C. constant, unlike in the aggregate expenditures model
D. variable, just like in the aggregate expenditures model


Answer: B

Economics

You might also like to view...

One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________

A) quantity of information; financial institutions' profits B) quantity of information; asymmetric information C) quality of information; asymmetric information D) quality of information; financial institutions' profits

Economics

A "guaranteed" business loan is one

A) made under a line of credit. B) backed up by outside collateral. C) backed up by inside collateral. D) the business owner is personally liable for repaying.

Economics

Mr. Anderson received a producer surplus of $1,000 when he sold his watch. If the market price of the watch was $3,000 . he was willing to sell the watch for _____

a. $4,000 b. $2,000 c. $1,000 d. $3,000

Economics

Which of the following should not be on a list of things you should do to get an honest evaluation?

A. Have a list of creative solutions to problems that you have encountered. B. Take your manager to dinner the night before evaluations are due. C. Illustrate how your actions will improve the company next year. D. Show how your output influenced the profitability of your division.

Economics