Which of the following statements about this graph is accurate?
a. MD2 has a lower RGDP than MD3
b. MD1 has a higher RGDP than MD2
c. MD3 has a lower price level than MD1.
d. MD1 has a higher price level than MD2.
c. MD3 has a lower price level than MD1.
You might also like to view...
If the money prices of resources changes, the LAS curve shifts
Indicate whether the statement is true or false
The current account balance is equal to
A. Total payments made by residents of the United States to foreigners plus total payments made by foreigners to residents of the United States. B. Trade balance + services balance + capital account balance. C. Trade balance + services balance - capital account balance. D. Trade balance + unilateral transfers + net investment income.
Which of the following contributes to economic development?
What will be an ideal response?
The balanced budget multiplier is always equal to:
A. 0.50. B. 0.75. C. 1 / MPC. D. 1.