Author Question: The aggregate demand curve shows the A) total amount of nominal goods that the participants in ... (Read 76 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
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.



Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

For a complete list of videos, visit our video library