When analyzing the effects of government spending, net taxes, and the Z factors, what primarily matters is the shape of
A. both the AD curve and the AS curve.
B. neither the AD curve nor the AS curve.
C. the AD curve.
D. the AS curve.
Answer: D
Economics
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A) reflects the fact that real GDP is supply-determined. B) reflects the fact that real GDP does not vary with changes in aggregate demand. C) is vertical. D) is horizontal.
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Under which type of market structure is the firm’s pricing decision the most difficult?
a. perfect competition b. monopoly c. monopolistic competition d. oligopoly
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How much is the APS when disposable income is $10 billion?
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What are the main features of the Robinson-Patman Act?
What will be an ideal response?
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