The aggregate supply curve of an economy shows the relationship between the:
a. price level and the total number of goods that consumers buy during a given period of time
b. goods that are not purchased during a given period and the wealth created during the given period of time.
c. amount of investment spending and the market interest rate of an economy.
d. price level and the quantity of all goods sellers are willing and able to provide during a given period of time.
d
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When a consumption schedule is plotted as a straight line, the slope of the consumption line is
A. horizontal. B. vertical. C. greater than the slope of the 45º line. D. less than the slope of the 45º line.
What are the main influences on the FOMC federal funds rate decision?
What will be an ideal response?
The EMU created a currency area with more than
A) 200 million consumers. B) 250 million consumers. C) about a billion. D) 500 million consumers. E) 300 million consumers.
Assuming a market rate of interest equal to 7 percent and anticipated inflation is 2 percent, what is the real (adjusted for inflation) present value of $200 to be received one year from today?
A. $187 B. $210 C. $190 D. $214