Aggregate demand
A) measures the amount of a nation's labour, capital, and technology that people are willing to buy.
B) increases when the price level falls.
C) is the relationship between the quantity of real GDP demanded and the price level.
D) measures the amount of a nation's goods and services that people are willing to buy.
E) increases when factor prices fall.
Correct Answer:
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Q17: If the money wage rate falls, then
A)the
Q18: Potential GDP is the level of real
Q19: The short- run aggregate supply curve indicates
A)the
Q20: Potential GDP
A)does not vary with the price
Q21: Everything else remaining the same, an increase
Q23: Aggregate demand is the relationship between
A)the price
Q24: Which one of the following factors will
Q25: Which of the following situations illustrates how
Q26: Toyota and Honda build additional plants in
Q27: Everything else remaining the same, an increase
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