Which of these questions does aggregate demand help us answer?
I. What determines the total amount of our output that individuals, firms, governments and foreigners want to buy?
II. What is the economy's long-run real Gross Domestic Product (GDP)?
III. What determines the economy's equilibrium price level and the rate of inflation?
A) I only
B) I and II
C) II and III
D) I and III
D
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If the annual interest rate is 8%, what would you expect to pay for a bond paying a lump sum of $10,000 in ten years?
A) $4,632 B) $9,259 C) $10,000 D) $21,589
There are more poor whites than poor blacks in the U.S
Indicate whether the statement is true or false
If there is an increase in income, which of the following is true?
a. The demand for complementary goods decreases. b. The demand for substitute goods decreases. c. The demand for normal goods decreases. d. The demand for normal goods increases. e. The supply for all goods decreases.
According to dynamic tax analysis, will continuing to push up the tax lead to steady increases in tax revenues? Why?
What will be an ideal response?