Market demand curves are obtained by
A) observing the behavior of an individual consumer in a market.
B) observing the prices and quantities sold in a market over time and plotting those price-quantity combinations in a graph.
C) averaging the quantities every consumer is willing to buy at each different price.
D) summing the quantities every consumer is willing to buy at each different price.
E) determining the price each consumer is willing to pay for the good and summing those prices across all consumers.
D
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A deficit nation in a fixed exchange rate system can improve its balance of payments by increasing
a. its money supply. b. its interest rates. c. its level of real GDP. d. aggregate demand.
The public debt is the sum of all previous:
a. Budget deficits of the Federal government b. Expenditures of the Federal government c. Budget surpluses minus the current budget deficit of the Federal government d. Budget deficits minus any budget surpluses of the Federal government
Explain the two categories of balance of payments transactions.
What will be an ideal response?
According to the law of ________, there is a positive relationship between price and ________.
A. supply; the quantity supplied B. demand; quantity demanded C. demand; change in demand D. supply; the change in supply