The graph that shows the relationship between the aggregate quantity of output supplied by all the firms in an economy and the overall price level is
A. the aggregate demand curve.
B. the production possibilities frontier.
C. the aggregate production function.
D. the aggregate supply curve.
Answer: D
You might also like to view...
When actual output exceeds potential output, there is ________ output gap and the inflation rate will ________.
A. an expansionary; be lower than the expected rate of inflation B. no; be equal to the expected rate of inflation C. an expansionary; exceed the expected rate of inflation D. a recessionary; exceed the expected rate of inflation
Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696This country has a ________.
A. trade deficit B. deficit in the financial account C. trade surplus D. deficit in the capital account
Bonnie can produce either 10 hats or 20 scarves in a month. Phil can produce either 5 hats or 10 scarves in a month. Therefore:
A) Phil has a comparative advantage in hats, Bonnie in scarves. B) Bonnie has a comparative advantage in hats, Phil in scarves. C) Phil has a comparative advantage in both hats and scarves. D) Bonnie has a comparative advantage in both hats and scarves. E) Neither of them has a comparative advantage in hats or scarves.
Big Mowers is a firm selling large farm equipment. To attract new customers they are running a promotion in which customers are asked to guess the number of raw corn kernels in a gallon bucket. It is free for a customer to guess and if they get the exact number of kernels correct, they win a $200,000 lawn tractor. Big Mowers is running the promotion for a week and the probability a customer gets
the exact number of kernels correct during that one week is 0.001. What is the expected cost of the promotion? A) $200 B) $2 C) $20 D) $2,000