The aggregate demand curve shows the
A) total amount of nominal goods that the participants in the economy want to purchase.
B) amount of goods producers will produce as production costs fall.
C) total amount of real goods that foreigners want to purchase.
D) total amount of planned expenditures on goods and services at each possible price level.
Question 2
One of the benefits of money as a medium of exchange is that
A) it allows individuals to compare the relative value of goods.
B) it allows for specialization that leads to economic efficiencies.
C) over time it will become more valuable so that individuals can purchase more goods and services.
D) it allows for private transactions such as trading vegetables for medical services.
An Inverted U Curve
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