What is the aggregate supply curve?

A. a curve showing the various quantities of total real output that business will purchase for investment at various alternative price levels.
B. a curve showing the various quantities of total real output that will be offered for sale at various alternative price levels.
C. a curve showing the various quantities of goods and services that households will provide at various alternative price levels.
D. a curve showing business investment at various alternative price levels.


B. a curve showing the various quantities of total real output that will be offered for sale at various alternative price levels.

Economics

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After a nation starts importing a good from overseas, the domestic price of the good

A) stays the same. B) rises. C) falls. D) might change, but more information about what the country exports is needed to determine if the price rises, falls, or does not change. E) might change, but more information about what else the country imports is needed to determine if the price rises, falls, or does not change.

Economics

Which event is most likely to increase the elasticity of demand for a good?

A) A decrease in the demand for the good B) A decrease in the price of the good C) An increase in the demand for the good D) Higher incomes for consumers of the good E) The appearance on the market of excellent substitutes for the good

Economics

In the case of unemployment compensation why would the benefits received principle of taxation not be entirely practical? Explain

What will be an ideal response?

Economics

If consumption is defined as C = 2,000 + 0.8Y, then the marginal propensity to save is 0.8

Indicate whether the statement is true or false

Economics