Refer to the following graph.
The point on the graph corresponding to the socially optimal output per year and the price sellers must receive to make that amount available is shown by point:
A. H.
B. K.
C. G.
D. I.
Answer: A
Economics
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The assumption that wages change more slowly than prices provides an argument for the
A) aggregate demand curve having a positive slope. B) aggregate demand curve having a negative slope. C) aggregate supply having a negative slope. D) aggregate supply having a positive slope.
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The equation for the spending multiplier is:
a. 1 / (1 ? MPC). b. 1 ? MPC. c. 1 ? (MPC ? MPS). d. MPC / MPS. e. none of these.
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