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Author Question: The aggregate expenditure model focuses on the relationship between ________ and ________ in the ... (Read 103 times)

jrubin

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The aggregate expenditure model focuses on the relationship between ________ and ________ in the short run, assuming ________ is constant.
 
  A) total income; real GDP; the price level B) total spending; real GDP; the price level
  C) total production; total income; real GDP D) total spending; real GDP; total income

Question 2

To maximize their profits and defend those profits from competitors, monopolistically competitive firms must
 
  A) achieve economies of scale.
  B) differentiate their products.
  C) lobby government to erect barriers to entry in their industries.
  D) limit foreign competition in their markets by encouraging the government to impose tariffs and other trade restrictions.


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chreslie

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