The aggregate demand curve shows the quantity of:
A. real output demanded at each level of real interest rate.
B. nominal output demanded at each level of inflation.
C. output made available at each level of inflation.
D. real output demanded at each level of inflation.
Answer: D
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When taxes are cut, aggregate demand ________ and aggregate supply ________
A) decreases; increases B) increases; increases C) increases; does not change D) increases; decreases E) decreases; decreases
A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?
A. $22
B. $16
C. $10
D. $6
At least two demand curves are present in an international equilibrium model
a. True b. False Indicate whether the statement is true or false
The rate of real economic growth a. is underestimated using measures of income growth
b. is overestimated using measures of income growth. c. is underestimated using measures of technological growth. d. is overestimated using measures of technological growth.