What is the formula for the aggregate demand curve?
a. S + T + I + X – M
b. C + T + G + X – M
c. C + I + G + X – M
d. S + I + G + X – M
c. C + I + G + X – M
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Point F
A. is where the United States' economy operates most of the time.
B. is unattainable.
C. represents a severe recession.
D. can be temporarily attained under unusual circumstances.
When the Federal Reserve increases the federal funds rate, bank loans ________, the supply of loanable funds ________, and the real interest rate ________
A) increase; increases; falls B) decrease; decreases; rises C) increase; increases; rises D) do not change; decreases; rises E) decrease; does not change; rises
In the above figure, the curve's slope is
A) positive and is becoming steeper. B) positive and is becoming less steep. C) negative and is becoming steeper. D) negative and is becoming less steep.
In the long run, when marginal cost is above average total cost, the average total cost curve exhibits
a. economies of scale. b. diseconomies of scale. c. constant returns to scale. d. efficient scale.