Author Question: Changes in aggregate demand A) could be caused by changes in the spending decisions of ... (Read 42 times)

ahriuashd · **on:** Jun 30, 2018

Changes in aggregate demand

A) could be caused by changes in the spending decisions of foreigners.
B) are unlikely to change quickly in response to economic events.
C) are primarily based on changes in firms' abilities to produce products.
D) are not affected by changes in government policies.

Question 2

Suppose that Sandy can produce 10 economic reports or make 2 sales calls. Suppose Tim can produce 2 economic reports or make 1 sales call. Which of the following is CORRECT?

A) The opportunity cost for Sandy of producing one economics report is 1/5 of a sales call.
B) The opportunity cost for Sandy of producing one sales call is 10 economics reports.
C) The opportunity cost for Tim of producing one sales call is 1/2 of an economics report.
D) The opportunity cost for Tim of producing one economics report is 2 sales calls.