If some non-price level determinant causes total spending to increase, then the effect on aggregate demand will be a:
a. movement upward along the curve
b. movement downward along the curve.
c. shift to the left.
d. shift to the right.
d
Economics
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Compared to the developing economies, the advanced economies have ________ human capital and ________ physical capital
A) more; more B) more; less C) the same; the same D) less; more E) less; less
Economics
Differentiate between perfectly elastic supply and perfectly inelastic supply. When the price of a good is $100, 50 units are supplied. When the price increases to $300, 250 units are supplied. Calculate the price elasticity of supply of the good
What will be an ideal response?
Economics