If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be
A) upward sloping.
B) downward sloping.
C) horizontal.
D) vertical.
C
Economics
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The ________ describes points for which the goods market is in equilibrium
A) LM curve B) IS curve C) consumption function D) investment schedule
Economics
A financial services company offers to pay you $1,000 a year for life in exchange for $20,000 today. What factors affect your decision to take this offer?
What will be an ideal response?
Economics