The total value of real GDP that all sectors of the economy (C + I + G + Xn) are willing to purchase at various price levels A. Aggregate Supply B. Aggregate Demand C. Equilibrium GDP D. Aggregate Purchases
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- Which statement is false? Select one: a. If consumers and businesses both increase spending, everyone's incomes falls. b. Consumer spending is business income. c. Falling wages decrease demand in output markets. d. Business spending is consumer income. e. If consumers and businesses both increase spending, employment increases.ggregate demand includes Answer the quantity of goods and services both the government and customers abroad want to buy. the quantity of goods and services neither the government nor customers abroad want to buy. the quantity of goods and service the government wants to buy, but not the quantity of goods and services customers abroad want to buy. the quantity of goods and services customers abroad want to buy, but not the quantity of goods and services the government wants to buy.Fill-in-the-Blank: An increase in the demand for consumption goods results in a (n) _________ in aggregate demand.
- Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time. Discuss how the four components of aggregate demand affect income?Which of the following is true of the change in the quantity of aggregate output demanded? a.The change in the quantity of aggregate output demanded depends only on how much the aggregate expenditure line shifts. b.The change in the quantity of aggregate output demanded depends only on the change in investment demand. c.The change in the quantity of aggregate output demanded depends only on the change in government spending. d.The change in the quantity of aggregate output demanded depends only on the change in interest rates.Aggregate demand is..? A) Sum of consumption, imports and exports. B) Sum of the demand for all of the goods consumed in the economy. C) Sum of the demand for all of the goods produced in the economy, including exported goods. D) Sum of the demand for all of the goods and services produced in the economy.
- H10. the plot of national income and price represents aggregated supply true falseA cut in personal taxes on households’ income: A shifts the aggregate demand curve to the left. B. shifts the aggregate demand curve to the right. C. moves the economy along the aggregate demand curve . D. has no effect.Assume the aggregate demand and aggregate supply curve intersect at a price level of 100. Explain the effect of a shift in the price level to 120 and to 50
- QUESTION 17A change in which of the following variables will have NO direct effect on domestic demand? domestic income government spending taxes the interest rate (r) none of the above10. Which of the following would cause the Aggregate Quantity Demanded to increase? a) An increase in the price level causing an increase in the purchasing power of the consumer's wealth b) A decrease in the price level making domestic prices less expensive relative to foreign prices c) An increase in the price level causing an increase in the market rate of interest d) A decrease in the price level causing a decrease in the purchasing power of the consumers' wealth e) None of the aboveIf the price level rises and the money wage rate remains constant, what happens to the quantity of real GDP supplied? How does the economy move? If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied _______ and there is a movement up along the _______. A. increases; aggregate supply curve B. increases; potential GDP line C. does not change; aggregate supply curve D. does not change; potential GDP line Thanks!!
