« previous next »

Author Question: The aggregate demand curve portrays the relationship between price level and real GDP. What are the ... (Read 79 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
The aggregate demand curve portrays the relationship between price level and real GDP. What are the three reasons this relationship is a negative or inverse relationship? Provide brief illustrations of each.

Question 2

The ratio of U.S. government spending to GDP reached its peak during:
 a. World War I.
  b. World War II.
  c. the Great Depression.
  d. the real estate crisis.
  e. the bursting of the stock market bubble.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

The three complementary explanations for the negative slope of the aggregate demand curve include are the real wealth effect, the interest rate effect, and the open economy effect. Brief examples accepted at instructor discretion.

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. ( Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. (
Level II HCPCs Codes Level II HCPCs Codes
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Relationship between thymidylate synthase and enzymes of tetrahydrofolate metabolism Relationship between thymidylate synthase and enzymes of tetrahydrofolate metabolism
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library