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Author Question: The total of all planned expenditures in the entire economy is A) aggregate supply. B) LRAS. C) ... (Read 58 times)

sabina

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on: Jun 30, 2018
The total of all planned expenditures in the entire economy is
 
  A) aggregate supply. B) LRAS.
  C) aggregate demand. D) the open economy effect.

Question 2

The Law of Demand states that:
 
  A) the demand for a commodity is mostly influenced by consumers' income.
  B) the quantity demanded of a commodity is the same for all consumers in a perfectly competitive market.
  C) the quantity demanded of a commodity varies inversely with the price of the commodity.
  D) the demand for a commodity always equals the supply of the commodity.


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duke02

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

C

Answer to Question 2

C


sabina

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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