Aggregate supply is defined as

a. how much the economy can produce at zero unemployment.
b. an amount of output the economy will produce at full employment.
c. the relationship between the expenditures schedule and the leakages schedule.
d. the relationship between the price level and the quantity of real GDP supplied.


d

Economics

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Indicate whether the statement is true or false

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Define comparative advantage

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In a fixed exchange rate system

A. market forces play a role in determining the fixed value of a currency. B. a central bank affects the value of a currency by changing its foreign exchange reserves. C. the International Monetary Fund determines exchange rates. D. market forces and the country's stock of gold determine its exchange rate.

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