If the median income in Canada is $50,000 . it means
a. that the poverty level is $50,000
b. that all Canadians earn $50,000
c. Canadians who earn $50,000 or more are classified as rich
d. 50 percent of Canadians who do not earn $50,000 earn less than $50,000 and 50 percent of Canadians who do not earn $50,000 earn more than $50,000
e. that the average income in Canada is $50,000
D
Economics
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The aggregate demand curve is
A) upward sloping. B) a vertical line at potential output. C) a horizontal line at the current price level. D) downward sloping.
Economics
Changes in all of the following shift the LM curve except
a. the price level. b. income. c. the money supply. d. money demand. e. all of the above shift LM curve.
Economics