Aggregate demand is the total value of GDP that
A. all sectors of the economy are willing to purchase at various price levels, all other things unchanged
B. all sectors of the economy are willing to sell at various average price levels, all other things unchanged
C. consumers are willing to purchase at various average price levels, all other things unchanged
D. consumers are willing to purchase at various national income levels, all other things unchanged.
Ans: A. all sectors of the economy are willing to purchase at various price levels, all other things unchanged
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Refer to the given list. Which of the following are considered to be "near-monies?"
Answer the question on the basis of the following list of assets: 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Currency (coins and paper money) in circulation 4. Small-denominated (under $100,000) time deposits 5. Stock certificates 6. Checkable deposits 7. Money market deposit accounts 8. Money market mutual fund balances held by individuals 9. Money market mutual fund balances held by businesses 10. Currency held in bank vaults A. Items 2, 5, 8, and 9. B. All items except for 3. C. Items 2, 4, 7, and 8. D. Items 1, 5, and 10.
Refer to Table 3.2, which shows some costs and benefits of having your car repaired. Suppose you use your car to deliver pizzas, for which you earn $10 per hour. If your mechanic lowers the amount she charges by $50, what happens to your best choice of hours to spend on car repairs
A. It increases by 1 hour.
B. It decreases by 1 hour.
C. It doesn't change.
D. It decreases by 2 hours.