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Author Question: The horizontal axis for an aggregate demand curve measures A) output of all goods and services ... (Read 93 times)

jake

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on: Jun 30, 2018
The horizontal axis for an aggregate demand curve measures
 
  A) output of all goods and services measured as a quantity index.
  B) real Gross Domestic Product (GDP).
  C) quantity demanded of the representative good.
  D) disposable personal income.

Question 2

Which of the following statements is TRUE?
 
  A) investment = disposable income + consumption B) saving = personal income + consumption
  C) saving = personal income - consumption D) saving = disposable income - consumption


CourtneyCNorton

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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