In the aggregate demand and aggregate supply model,
a. the factors that cause the demand curves in both models to slope downward are the same
b. the factors that cause the supply curves in both models to slope upward are the same
c. the upward-sloping aggregate demand curve intersects the downward-sloping aggregate supply curve to determine the economy's price level and GDP
d. the upward-sloping aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP
e. the price level never changes even with shifts in aggregate demand and aggregate supply
D
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Which of the following is NOT a function of the federal government?
A) providing public goods and services B) imposing a personal income tax C) making transfers to state and local governments D) making social security and welfare payments E) collecting property taxes
What can a union do in order to raise the wages of its members?
What will be an ideal response?