Aggregate supply
A) is the overall wealth within an economy.
B) is the total of all planned production in an economy.
C) is the total amount of raw materials available in an economy.
D) is the total amount of money circulating in an economy.
B
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The anticipated effect of contractionary monetary policy is
A. increase in aggregate demand. B. fall in interest rates. C. increased capital outflow. D. appreciation of the currency.
A main trading partner with the U.S. is:
A. South Africa. B. China. C. Norway. D. Saudi Arabia.
If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply? a. It will increase
b. It will not change. c. It will decrease. d. It will be uncertain.
Since 1980 U.S. net capital outflow has been
a. negative, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad. b. negative, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States. c. positive, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad. d. positive, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States.