At every point along the aggregate demand curve (assuming no foreign sector),
A) G = T.
B) S = I.
C) Y = C.
D) Y = C + I + G.
Answer: D) Y = C + I +
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Without government, the "for whom" question could not be solved.
a. true b. false
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. For Pete, the opportunity cost of designing three tattoos is ________ avatar designs.
A. 6 B. 12 C. 24 D. an indeterminate number of
Equilibrium is the condition that exists
A. when the demand curve intersects the quantity axis. B. when quantity demanded equals quantity supplied. C. whenever there is no government intervention in the market. D. when the demand curve intersects the price axis.