Question
Asked Oct 14, 2019
60 views

suppose that at a price index of 154 the quantity demand of u.s. real GDP is 10.0 trillion worth of goods. do these data represent aggregate demand or point on an aggregate demand curve? explain your answer? 

check_circle

Expert Answer

Step 1

Aggregate demand is expressed as the combinations of total demand for finished goods and services that can be produced in an economy at the specifi...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Aggregate Demand

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Find the marignal and average function for the total functions.  Total product function: Q = aL + bL...

A: The marginal product function states the relationship between the additional quantities produced whe...

question_answer

Q: How much money could RTT Environmental Services borrow to finance a site reclamation project if it e...

A: Given: i=0.1 , n= 5, expenses (E)=$90000, Revenue (R) = 280000

question_answer

Q: How do unanticipated changes affect market players' economic decisions?

A: The anticipated changes in the economy means that, the policy makers would respond to the upcoming e...

question_answer

Q: In this market, the equilibrium price is _____   per box, and the equilibrium quantity of oranges is...

A: Click to see the answer

question_answer

Q: 1. Which of the following variables does not directly impact the quantity of a good the firm is will...

A: When the income of the consumer who buys the commodity changes, it changes the quantity demanded of ...

question_answer

Q: Who are mercantilists? What policies did they advocate and did the expect thes policies to be achiev...

A: The mercantilists are the people or community, who follow the path of mercantilism. The mercantilism...

question_answer

Q: 6. From March 2009 to 2013, the U.S. stock market more than doubled in value. How might this have af...

A: A doubling in the value of stock market also raises the value of money invested in the stock market....

question_answer

Q: water is necessary for life is the marginal benefit of a glass of water large or small

A: The marginal benefit from consuming a glass of water is small.  

question_answer

Q: An economy consists of three workers: Gilberto, Lorenzo, and Sam. Each works 10 hours a day and can ...

A: Hey, thank you for the question but according to our policy we can only answer up to three subparts ...