The short-run aggregate supply curve shows the ________.
A. inverse relationship between the price level and real GDP produced
B. direct relationship between the price level and real GDP purchased
C. inverse relationship between the price level and real GDP purchased
D. direct relationship between the price level and real GDP produced
Answer: D
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Foreign portfolio investment in the United States has continually declined since 1995
Indicate whether the statement is true or false
Monetarists believe that:
a. velocity is constant. b. velocity is highly predictable. c. there are three motives for demanding money. d. changes in the money supply cause changes in velocity. e. a change in the money supply can affect real GDP.
The concept of relative poverty
A. leads to the concept of inequality. B. replaces the need for concepts of absolute poverty. C. is measured relative to the poverty line. D. is only relevant in low income countries.
A ______ good is something whose consumption by one person does not prevent its consumption by other people.
Fill in the blank(s) with the appropriate word(s).