Two variables that affect the slope of the aggregate demand curve are
a. government purchases and real taxes.
b. tax rates and interest rates.
c. government purchases and interest rates.
d. exchange rates and income rates.
b
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In an unregulated market, healthcare consumers often
A) overestimate its benefit. B) cannot afford the care they need. C) overestimate their future need. D) All of the above are correct.
What is meant by the marginal rate of transformation?
What will be an ideal response?
Which of the following would most likely cause a shift to the right in Graph B?
a. a change from Q1 to P1 in Graph A
b. a change from P2 to P1 in Graph A
c. a change from P1 to P2 in Graph A
d. a change from Q2 to Q1 in Graph A
What sequence of events results from an increase in aggregate demand?
A. The price level falls, inventories increase, firms respond by reducing output and employment. B. The price level rises, inventories increase, firms respond by increasing output and employment. C. The price level falls, inventories decline, firms respond by increasing output and employment. D. The price level rises, inventories decline, firms respond by increasing output and employment.