Aggregate demand is
A) the horizontal summation of all demand curves for a product.
B) the sum of all planned expenditures for the economy.
C) the total quantity of all goods sold in an economy in a year.
D) the horizontal summation of all demand curves for state, local, and federal governments and business firms.
B) the sum of all planned expenditures for the economy.
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Define microeconomics
What will be an ideal response?
Most mutual funds are
A) no-load funds. B) load funds. C) large-load funds. D) small-load funds.
Gross Domestic Product is a monetary measure of
a. total consumption in the economy. b. the total value of all final goods and services. c. total industrial output. d. the total value of all foreign sales and purchases.
If, for an imaginary closed economy, investment amounts to $12,000 and the government is running a $2,000 deficit, then private saving must amount to $10,000
a. True b. False Indicate whether the statement is true or false