According to the simple quantity theory of money in the AD-AS framework, the AD curve is

A) vertical.
B) downward sloping.
C) horizontal.
D) upward sloping.


B

Economics

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What will be an ideal response?

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Which of the following would increase net exports in the United States?

A) The United States purchases 500 silver necklaces from Mexico. B) A Mexican citizen purchases 25 shares of stock in Ford Motor Company. C) The U.S. government donates $5 million to Mexico to help victims of drought in Mexico. D) The government of Mexico purchases 500 Ford F-150 pickup trucks from the United States.

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The CPI measures the average level of prices of all final goods and services produced in the economy

a. True b. False Indicate whether the statement is true or false

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The largest single source of revenue for the federal government is the

A. corporate income tax. B. federal excise tax. C. personal income tax. D. Social Security tax.

Economics