The aggregate demand curve plots
A. total expenditures against the level of employment.
B. employment against the price level.
C. planned expenditures against the price level.
D. desired expenditures against production.
Answer: C
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Indicate whether the statement is true or false
Fill in the blank: According to your textbook, "Fiscal policy is simply ________."
A) budget policy B) monetary policy under a different name C) price policy D) wage policy E) stupid
Apple's decision in 2002 to focus on developing a smartphone rather than a tablet computer exemplifies the
A) refusal of firms to invest in more than one project where unlimited resources are involved. B) trade-off that firms face due to limited resources. C) refusal of firms to invest in more than one project where limited resources are involved. D) trade-off that firms face due to unlimited resources.
Behavioral economists:
A. rely primarily on data drawn from the real world. B. rely primarily on experimental data. C. often arrive at unreasonable conclusions about consumer welfare. D. avoid mathematical models of behavior, as they do not adequately describe real world actions.