One of the only purchases a business can make that counts directly in the GDP is
A. pencils.
B. copy paper.
C. ingredients.
D. software.
Answer: D
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If we observe an increase in real GDP and an increase in the price level after an increase in aggregate demand, we can conclude that
A) the aggregate supply curve is upward sloping. B) the aggregate supply curve is horizontal. C) the aggregate supply curve is vertical. D) the economy is now at full employment.
The demand curve for shares of a stock is typically
a. downward sloping, because people calculate present value according to different expectations and attitudes toward risk b. vertical, because only a fixed number of shares of stock are available c. horizontal, because everyone values the stock according to its present value d. upward sloping, because a higher stock price signals to potential shareholders that the firm is more valuable e. horizontal, because no one is willing to pay more than the market price