Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:
a. aggregate demand will decrease.
b. aggregate demand will increase.
c. long-run aggregate supply will increase.
d. long-run aggregate supply will decrease.
b
Economics
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How does the pricing of medical care in the United States affect the quantity consumed?
Please provide the best answer for the statement.
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A product market is in equilibrium:
A. when there is no shortage of the product. B. when there is no surplus of the product. C. when consumers want to buy more of the product than producers offer for sale. D. where the demand and supply curves intersect.
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