In the aggregate demand/aggregate supply model, a country's full-employment real GDP is represented by:
a. prices.
b. aggregate demand.
c. aggregate supply.
d. an increase in the general level of prices.
c
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The prisoner's dilemma game:
A. is a zero sum game. B. is a game of chance. C. is a game with no dominant strategies. D. is a game with a stable equilibrium.
The prices that are in the public's best interest will
a. always allow the regulated firm to break even. b. always allow the regulated firm to make positive economic profits. c. sometimes leave the regulated firm with economic losses. d. leave the regulated firm with profits that are about 10 percent higher than those of other firms.
The field of economics that combines the study the psychology of human behavior and economic issues is
Which of the following factors will shift AS1 to AS2?
Refer to the graph above.
A. An increase in real interest rates
B. A decrease in business subsidies
C. An increase in input prices
D. A decrease in business taxes