Aggregate demand is a ____ rather than a ____.
A. fixed number; concept
B. schedule; fixed number
C. set number; concept
D. government aggregate; private aggregate
Answer: B
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In a certain economy, the components of aggregate spending are given by: C = 500 + 0.8(Y - T) - 300rI = 200 - 400rG = 200NX = 10T = 150Given the information about the economy above, the immediate impact on aggregate expenditures of a one-percentage-point increase in the real interest rate (r) from 5 percent to 6 percent is ________, and the eventual impact on short-run equilibrium output is ________.
A. an increase by 700 units; a decrease by 3,500 units. B. a decrease by 35 units, a decrease by 35 units. C. a decrease by 7 units, a decrease by 35 units. D. an increase by 35 units; a decrease by 175 units.
Information facilitates exchange by fostering competition
Indicate whether the statement is true or false
An increase in exports decreases aggregate demand
Indicate whether the statement is true or false
Why do mortgage companies begin to require larger down payments from their borrowers when housing prices begin to fall?
What will be an ideal response?