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Author Question: Other things equal, along the aggregate demand curve, a higher price level is associated with A) ... (Read 28 times)

clippers!

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on: Jun 29, 2018
Other things equal, along the aggregate demand curve, a higher price level is associated with
 
  A) an increase in the quantity of real GDP demanded.
  B) a decrease in the quantity of real GDP demanded.
  C) a decrease in the quantity of nominal GDP demanded.
  D) higher income levels.

Question 2

Human capital is the
 
  A) machinery used by humans to produce GDP.
  B) technology used by humans to produce GDP.
  C) skill and knowledge accumulated by humans.
  D) plant and equipment produced by humans and not by machines.


Cnarkel

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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