The quantity of goods and services that firms produce and sell at each price level is shown on the
a) aggregate-services curve.
b) market-supply curve.
c) aggregate-demand curve.
d) aggregate-supply curve.
Ans: d) aggregate-supply curve.
You might also like to view...
Refer to the table above. At what price does the market for notebooks clear?
A) $3 B) $4 C) $2 D) $5
The chairman of the Federal Reserve Board of Governors
A) is appointed by the President and confirmed by the Treasury. B) serves a fourteen year term as chairman. C) sits on the Federal Open Market Committee. D) is always the president of the Federal Reserve Bank of New York.
If all government budgets are balanced, and S is greater than I, then
A) the net international investment position must be positive. B) the financial account must be positive. C) the financial account must be negative. D) the net international investment position must be negative. E) Both A and B.
If the deficit is financed by selling bonds to the ________, the money supply will ________, increasing aggregate demand, and leading to a rise in the price level
A) public; rise B) public; fall C) central bank; rise D) central bank; fall