A curve that shows the price level at which firms in the economy are willing to produce different levels of goods and services and the resulting level of real income is called:

If the price level doubles, the

A) nominal demand for money doubles. B) nominal demand for money drops by half. C) real demand for money drops by half. D) real demand for money doubles.

The role of the entrepreneur in an economy is to

A. Ensure full employment of labor. B. Arrange bank financing for the owners of new businesses. C. Bring the factors of production together and assume the risk of production. D. Work with government planners to determine what goods are produced.