In the classical model
A) a decrease in aggregate demand will lead to a decrease in the price level and a decrease in real GDP.
B) changes in aggregate supply leave real GDP unchanged.
C) a decrease in aggregate demand will lead to an increase in the price level and a decrease in real GDP.
D) changes in aggregate demand affect only the price level, not real GDP.
Question 2
A 5 percent tax is going to be applied to a 100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?
A) The total revenue will be zero.
B) The total revenue will be between 0 and 5,000.
C) The total revenue will be 5,000.
D) There is not enough information to determine what revenues will equal.
The logistic growth model does not describe all populations.
Model for the events occurring around a single replication fork
An Oil-dependent World— Supply and Demand Driven
Theodore Brookhart and Egmont C. Arens, "Streamliner" Meat Slicer, Model 410.
Intervention Model-Response to Client Misconduct
Real Price of Oil, 1861–2010