U.S. exports are included in aggregate demand because the exports contribute to the total ______.
a. spending on goods and services by U.S. consumers
b. U.S. demand for foreign goods and services
c. U.S. sales of goods and services by foreign producers
d. demand for U.S. goods and services
d. demand for U.S. goods and services
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Other things constant, the economy's aggregate demand curve shows that
A) as the price level falls, real GDP decreases. B) any change in the price level shifts the aggregate demand curve. C) the quantity of real GDP demanded decreases when the price level rises. D) the quantity of real GDP demanded and the price level are not related.
Which of the following groups analyzes federal budgets proposals?
a. The Council of Economic Advisors. b. The Office of Management and Budget. c. The Congressional Budget Office. d. The House and Senate Budget Committees.
Scarcity is a result of an unfair distribution of income
a. True b. False Indicate whether the statement is true or false
The profit-maximizing level of output for a monopolist is the one at which marginal revenue equals marginal cost.
Answer the following statement true (T) or false (F)