The aggregate demand curve
a. slopes upward.
b. slopes downward.
c. is perfectly vertical.
d. is perfectly horizontal.
b
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Prescott's calibrated RBC model showed that the actual and simulated ________ of five key macroeconomic variables were very close
A) magnitudes B) slopes C) volatilities D) betas
Financial intermediaries are best described as:
a. informal institutions that provide funds to the government to manage budget deficits. b. institutions that accept deposits and make loans. c. institutions that control the money supply in the economy. d. institutions that provide financial aid to foreign countries. e. individuals who manage other's investment portfolios.
Firms may reasonably make a decision to cut prices if
a. profits are not likely to decline. b. marginal profit is not negative. c. MR > MC. d. All of the above are correct.
Suppose the equilibrium price of good X is $25 and the equilibrium quantity is 124 units. If the price of good X is $2:
What will be an ideal response?