Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. Changes in which of the above two factors would most likely cause a change in aggregate demand?
. 1 and 5
B. 3 and 10
C. 5 and 7
D. 8 and 9
B. 3 and 10
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Immigrants made up approximately what percent of the labor force in the U.S. in 2007?
A. 5% B. 25% C. 16% D. 33%
The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 2010, the base year, the typical consumer purchased 10 books for $25 each and 25 hamburgers for $2 each. In 2015, the typical consumer purchased 15 books for $30 each and 30 hamburgers for $3 each. The consumer price index for 2015 on Planet Econ equals:
A. 1.45 B. 1.00 C. 1.25 D. 1.15
How much mobility has there been through the income quintiles since 2007?
What will be an ideal response?
Suppose output is $1000 billion, government purchases are $200 billion, desired consumption is $700 billion, and desired investment is $150 billion. Net foreign lending would be equal to
A) -$150 billion. B) -$50 billion. C) $50 billion. D) $150 billion.