This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is measured on the horizontal axis on the aggregate demand graph? A) nominal income B) real ... (Read 146 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
What is measured on the horizontal axis on the aggregate demand graph?
 
  A) nominal income B) real GDP per year C) unemployment D) the price level

Question 2

Which of the following statements is true?
 
  A) Knowledge of economics complicates decision making.
  B) Economics is more of a theoretical subject with limited applications in the real world.
  C) Testing with data is essential to develop a good theory.
  D) Cost-benefit analysis can be applied only to limited economic decisions.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


schs14

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Marine myths measured Marine myths measured
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Graph Graph
The Axis (Superior View) The Axis (Superior View)
Video: Arthroscopy

For a complete list of videos, visit our video library