The aggregate supply curve is
a. a curve showing the quantities of total output that business will purchase for investment at various price levels.
b. a curve showing the quantities of total output that will be offered for sale at various price levels.
c. a curve showing the quantities of goods and services that households will provide at various price levels.
d. one point on the aggregate expenditure curve.
b. a curve showing the quantities of total output that will be offered for sale at various price levels.
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The Patient Protection and Affordable Care Act (ACA) is scheduled ________, at which point more than 30 million additional individuals are expected to have health care coverage
A) to be completely in place in 2016 B) to be phased out by 2015 C) to be phased in over the next 20 years D) to be fully implemented by 2019
Points to the left of the LM schedule show that
a. the amount of money supplied exceeds the amount of money demanded. b. saving plus taxes will exceed investment plus government purchases. c. the amount of money demanded exceeds the amount of money supplied. d. investment plus government purchases will exceed saving plus taxes.
In the above table, what is the marginal revenue product of the 4th worker?
A) $92 B) $70 C) $40 D) $8
Revenue and spending programs in the federal budget that automatically adjust with the ups and downs of the economy are known as _____
Fill in the blank(s) with the appropriate word(s).