Which of the following is not included in aggregate demand?
What will be an ideal response?
Purchases of stock and bonds.
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Other things remaining the same, an individual demand schedule shows the various quantities of a good:
a. that a person wants and is able to purchase at alternative prices. b. that are demanded with a change in the quantity demanded of a substitute good. c. that a person is able to purchase at alternative income levels. d. that are demanded at various levels of utility. e. that are demanded by the market at various prices.
Labor productivity is measured by _____ per _____.
Fill in the blank(s) with the appropriate word(s).
The law of increasing opportunity cost results in a constant slope of the production possibilities curve.
a. true b. false