Which of the following statements is correct? I. When economists derive the aggregate demand curve, they are looking at the effect of the price level on one commodity only. II. Any non-price-level change that increases aggregate spending on domestic goods shifts the AD curve to the right.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Answer: B) II only
Economics
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To determine the unemployment rate, the Bureau of Labor Statistics polls a sample population of _____.
(A) 50,000 families (B) 80,000 unemployed individuals (C) 80,000 families (D) 50,000 unemployed individuals
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Unemployment insurance cannot eliminate the national costs of lost output due to unemployed labor.
Answer the following statement true (T) or false (F)
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