The various quantities of all final commodities demanded at various price levels, ceteris paribus, is the
A) LRAS.
B) production possibilities curve.
C) aggregate demand curve.
D) aggregate supply curve.
C
You might also like to view...
A lending of a country's savings that occurs when the country has a trade deficit and its citizens purchase real and financial assets from abroad is called a capital inflow
Indicate whether the statement is true or false
If the GDP per capita is $2,000, and the population is 150,000 people, then the GDP must be:
A. $75. B. $7,500. C. $300,000,000. D. $300,000.
When people smoke cigarettes, their friends and family members may become sick. This affects GDP by
a. reducing GDP by the amount of medical care needed. b. reducing GDP by the cost of the cigarettes purchased. c. increasing GDP by the cost of the medical care and the cost of the cigarettes purchased. d. decreasing GDP by the cost of the medical care and increasing GDP by the cost of the cigarettes purchased.
Because an oligopoly is characterized by
A. few large sellers, each seller has some influence over the market price. B. a single seller of a product that has few suitable substitutes, the seller is a price maker. C. many small sellers, each firm must differentiate its product. D. a few sellers selling a differentiated product, each seller makes its price and output decisions independently.