Other things remaining the same, an individual demand schedule shows the various quantities of a good:
a. that a person wants and is able to purchase at alternative prices.
b. that are demanded with a change in the quantity demanded of a substitute good.
c. that a person is able to purchase at alternative income levels.
d. that are demanded at various levels of utility.
e. that are demanded by the market at various prices.
a
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What was the main cause for the reversal-of-fortune of many countries?
What will be an ideal response?
If the slope of the aggregate expenditure curve is 0.5, then the expenditure multiplier equals
A) 5. B) 0.5. C) 2. D) 3. E) 4.
As output increases, average fixed cost
A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.
If the Federal Reserve conducts an open-market purchase, then the SML will:
A. Shift up B. Shift down C. Rotate and become steeper D. Rotate and become flatter