According to the classical model, changes in aggregate demand are driven by
a. changes in taxes.
b. changes in borrowing and lending.
c. changes in fiscal policy.
d. demand curve to the left and increases the price level.
D
Economics
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Jenny's weekly income increases from $500 to $650. As a result, she goes out for dinner one day a week instead of one day every other week. What is Jenny's income elasticity of demand for restaurant dinners?
What will be an ideal response?
Economics
Any output combination inside a production possibilities frontier is associated with unused or underutilized resources
Indicate whether the statement is true or false
Economics