The three main components of the aggregate demand—aggregate supply model include
A) AD, SRAS, LM.
B) SRAS, LRAS, IS.
C) AD, IS, LM.
D) AD, SRAS, LRAS.
D
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Which of the following is a true statement?
a. International data leave few doubts that a nation's GDP per person is associated with its citizens' standard of living. b. Rich and poor countries often have vastly different standards of living, but similar levels of real GDP per person. c. The value of leisure time is included in the calculation of GDP per person. d. International data indicate that measures on the distribution of income are closely associated with GDP per person.
When only one buyer has access to a particular labor market,
A. There is no seller concentration. B. A monopoly exists. C. A monopsony exists. D. There is no buyer concentration.
An American brewery sells dollars to obtain euros. It then uses the euros to buy brewing equipment from a German company. These transactions
a. increase U.S. net capital outflow because Germans obtain U.S. assets. b. decrease U.S. net capital outflow because Germans obtain U.S. assets. c. increase U.S. net capital outflow because the U.S. buys capital goods. d. decrease U.S. net capital outflow because the U.S. buys capital goods.
What is Sweden's domestic exchange equation?
