The aggregate demand curve gives the
A) planned purchase rates for all goods and services in the economy at various price levels.
B) demand for goods and services by the government at various price levels.
C) amount of all goods everyone wants to buy at various income levels.
D) planned purchases for all goods and services in the economy, holding other things such as the price level constant.
A
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Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of the aggregate-demand curve?
a. When interest rates fall, In-and-Out Convenience Stores decides to build some new stores. b. The exchange rate falls, so French restaurants in Paris buy more Kansas beef. c. Tyler feels wealthier because of the price-level decrease and so he decides to remodel his kitchen. d. With prices down and wages fixed by contract, Fargo Concrete Company decides to lay off workers.
The market will produce ________ level of education when we ________ its external benefits.
A. more than an efficient; do consider B. an efficient; do not consider C. less than an efficient; do not consider D. more than an efficient; do not consider