An aggregate supply curve indicates the quantities of real GDP supplied at different ______ levels.
a. interest rate
b. wage
c. price
d. stock market
c. price
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In the above figure, when real disposable income is less than 600, then
A) consumption is less than disposable income. B) consumption is the same as disposable income. C) consumption is more than disposable income. D) the MPC will fall.
The largest recipient of remittances in dollars in the year 2008 was:
(a) India. (b) Mexico. (c) Pakistan. (d) Philippines.
Everything else held constant, an increase in currency holdings will cause
A) the money supply to rise. B) the money supply to remain constant. C) the money supply to fall. D) checkable deposits to rise.
When the government closes an expansionary gap with a change in government spending, the _____ in government spending leads to _____.
Fill in the blank(s) with the appropriate word(s).