The aggregate demand curve
A. is upward sloping.
B. is downward sloping.
C. is vertical at the full-employment level of output.
D. is horizontal at the full-employment level of output.
Answer: B
You might also like to view...
The new growth theory's comparison of the economy to a perpetual motion machine implies that
A) overpopulation will eventually overtake the resources of the planet. B) technology changes just happen. C) permanent growth is not possible. D) the economy will forever create and destroy jobs. E) labor productivity has no influence on the economy.
Explain the concepts of consumer surplus, producer surplus, and cooperative surplus
What will be an ideal response?
What is the difference between a supply schedule and a supply curve?
What will be an ideal response?
When those most likely to produce the outcome insured against are the ones who purchase insurance, insurance companies are said to face the problem of
A) fraudulent claims. B) moral hazard. C) adverse selection. D) pecuniary purchases.