Aggregate demand is ______ than the quantity of real GDP demanded at different price levels.
a. slightly more
b. less
c. the same as
d. much more
c. the same as
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Use the following graph of the total demand for money to answer the next question.
Assume we begin at point a. An increase in the real GDP will can be shown as a move to ________.
A. point b B. point c C. point d D. point e
The table below shows data for Japan
2008 2009 M1 growth rate 0.7 0.9 Inflation rate 0.4 -0.3 Assuming the rate of velocity change is constant, real GDP A) grew by 0.3 percent in 2008. B) grew by -1.2 percent in 2009. C) grew by 1.1 percent in 2008. D) grew by 0.9 percent in 2009.
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. If Country A were to divide its resources equally, it could produce:
A. 30 cars and 6 trucks.
B. 25 cars and 5 trucks.
C. 15 cars and 3 trucks.
D. 10 cars and 4 trucks.
If the export supply curve of tomatoes and the import demand curve of tomatoes of Luxembourg intersect at the international price level of tomatoes, then Luxembourg will suspend trading tomatoes in the international market
a. True b. False Indicate whether the statement is true or false