Aggregate supply is represented as a schedule or curve showing the relationship between the.... (2)
What will be an ideal response?
price level index & the amount output produced in economy
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How do lower taxes affect aggregate demand?
A) They increase disposable income, consumption, and aggregate demand. B) They increase aggregate supply and thus increase aggregate demand as well. C) they increase corporate investment and aggregate demand. D) They reduce disposable income, consumption, and aggregate demand.
Interbank trading is:
a. a monopoly business in the United States. b. controlled by just 10 banks. c. a state-mandated business. d. a highly competitive market, with hundreds of banks offering services.
When the total external and internal costs of a transaction are taken into consideration, this is known as
A. public costs. B. social costs. C. average total costs. D. marginal costs.
One way to sidestep the debate over whether the government should increase spending during economic downturns is to:
A. cut government spending so the government has no ability to spend money. B. return to the gold standard so that the value of the U.S. dollar remains strong. C. identify projects that nearly everyone can agree the government should fund. D. raise taxes so that the government has the money it needs for additional spending.