Author Question: Which of the following is true of the aggregate demand curve? a. The aggregate demand curve shows ... (Read 110 times)

mspears3 · **on:** Jun 30, 2018

Which of the following is true of the aggregate demand curve?
a. The aggregate demand curve shows the various levels of expenditures in the economy at alternative price levels.
b. The aggregate demand curve implies a positive relationship between inflation and unemployment.
c. The aggregate demand curve is identical to the income consumption curve.
d. The aggregate demand curve has the same slope as the aggregate supply curve.
e. The aggregate demand curve relates relative prices to the quantity demanded of a particular good.

Question 2

Microeconomic topics do not usually include:
a. the impact of large government budget deficits on private investment spending.
b. the determinants of the supply of wheat by farmers.
c. the determinants of the demand for DVD players by consumers.
d. the impact of a change in the price of leather used to manufacture shoes.