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Author Question: Refer to the scenario above. Tom will receive ________ if he raises his left hand and Sam raises his ... (Read 338 times)

WWatsford

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on: Jun 29, 2018
Refer to the scenario above. Tom will receive ________ if he raises his left hand and Sam raises his right hand.
 
  A) 2 candy bars
  B) 3 candy bars
  C) 0 candy bars
  D) 1 candy bar

Question 2

What two variables are determined in an aggregate supply-aggregate demand figure? Is the slope of the aggregate supply curve positive or negative? Is the slope of the aggregate demand curve positive or negative?
 
  What will be an ideal response?


cswans24

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

A

Answer to Question 2

The aggregate supply-aggregate demand framework determines the equilibrium price level and equilibrium real GDP. The aggregate supply curve is positively sloped, indicating that an increase in the price level increases the aggregate quantity of goods and services supplied. The aggregate demand curve is negatively sloped, indicating that an increase in the price level decreases the aggregate quantity of goods and services demanded.


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