A supply curve:
a. has a negative slope.
b. is based on the assumption of a stable demand curve.
c. illustrates the negative relationship between price and quantity supplied.
d. illustrates the positive relationship between price and quantity supplied.
e. shifts about in random fashion.
d
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People who are risk averse
A) value a collection of assets only on the basis of its expected returns. B) value a collection of assets only on the basis of the risk of that return. C) value a collection of assets not only on the basis of its expected returns but also on the basis of the risk of that return. D) are less likely to invest in life insurance. E) are less likely to have a diverse portfolio.
If prices are fixed, when aggregate planned expenditure exceeds real GDP, then
What will be an ideal response?