The basic aggregate demand and aggregate supply curve model helps explain ________ fluctuations in real GDP and the price level
A) long-term B) unrelated
C) both short-term and long-term D) short-term
D
Economics
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What is investment spending, and what are the factors that impact investment demand? Explain.
What will be an ideal response?
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Economists develop models to
A. make their arguments more realistic. B. help us understand economic phenomena in the real world. C. justify the assumptions they make about people's behavior. D. capture every detail of the real world.
Economics
Most economists believe that import-substitution strategies have been quite successful around the world.
Answer the following statement true (T) or false (F)
Economics
Which of the following inputs is most likely to be "fixed" in the short run?
A) Labor. B) Capital. C) Energy. D) Raw Material.
Economics