Aggregate supply is defined as
A. how much the economy can produce at zero unemployment.
B. an amount of output the economy will produce at full employment.
C. the relationship between the expenditures schedule and the leakages schedule.
D. the relationship between the price level and the quantity of real GDP supplied.
Answer: D
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Are checking accounts money?
A. No, because checking accounts cannot be traded for goods and services. B. Yes, because checking accounts can be used to buy goods and services. C. No, because checking accounts are not physical money. D. Yes, because the value of a checking account is measured in dollars.
U.S. businesses are demanders of foreign currencies because they need them to ________.
A. receive interest payments from foreign governments B. pay for goods and services imported from foreign countries C. sell goods and services exported to foreign countries D. receive interest payments from foreign businesses