Aggregate demand is defined as the total spending
A. of all consumers, business firms, government agencies, and foreigners on final goods and services produced in the United States.
B. by all consumers, business firms, government agencies, and foreigners in the United States.
C. consumers, businesses, government agencies, and foreigners wish to make in one year.
D. of consumers, businesses, and government agencies on final output.
Answer: A
You might also like to view...
Suppose the annual inflation rate in an economy increases from 4 percent to 10 percent. Which of the following will be an appropriate policy measure in this situation?
a. A decrease in the tax rate b. An increase in government purchases c. An open market purchase of government bonds d. An increase in the reserve requirement
Some economic studies have shown that mandatory seat belt laws do not lead to a reduction in traffic fatalities
Indicate whether the statement is true or false
An oligopoly may result from:
a. low or no barriers to entry. b. Standardization of a product. c. price-taking conditions for both buyers and sellers. d. increasing returns to scale
Above the shutdown point, a competitive firm's supply curve coincides with its:
A. marginal revenue curve. B. ?marginal cost curve. C. ?average variable cost curve. D. ?average total cost curve.