The aggregate supply curve indicates the:
A. relationship between prices and the aggregate quantity of goods and services purchased by consumers, investors, governments, and foreigners (net exports).
B. relationship between prices and the natural rate of unemployment.
C. relationship between the real wage rate and the quantity of labor supplied by households.
D. quantity of goods and services producers will supply at different price levels.
Answer: D
You might also like to view...
The price of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that:
A) good A is a normal good. B) good B is an inferior good. C) goods A and B are substitutes. D) goods A and B are complements. E) none of the above
Deficits and surpluses are best viewed as:
A. comprehensive measures of government's budget. B. a summary measure of the financial health of the economy. C. a summary measure of a nation's fiscal policy. D. a summary measure of a nation's monetary policy.