In macroeconomics, _______ denotes the relationship between the total quantity of goods and services and the price level for output.
a. macroeconomic equilibrium
b. aggregate supply (AS)
c. aggregate demand (AD)
d. potential GDP
c. aggregate demand (AD)
Economics
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Which nation had the largest share of world exports in 2011?
A. Japan B. Germany C. China D. United States
Economics
Recent government policies to provide price and income subsidies in agriculture are economically inefficient because they:
A. Increase the interest costs for farmers B. Maintain high production levels for farm products C. Limit the adoption of new technology to increase output D. Give control over production and prices to a few, large agribusinesses
Economics