The aggregate expenditure model focuses on the short-run relationship between ________ and ________

A) unemployment; inflation B) planned inventories; unplanned inventories
C) real spending; real GDP D) nominal spending; nominal GDP

C

Economics

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The income of the middle person in an income distribution is called the

A) mean income. B) average income. C) median income. D) per capita income.

Economics

Refer to the table above. If the market is perfectly competitive, the equilibrium price of calculators is:

A) $2. B) $6. C) $12. D) $20.

Economics