The concept that explains the firm's ability to produce output with differing bundles of resources is called

The television network newscaster reports that the national inflation rate the past year equaled 4 percent. This report would be of particular interest to a ____

a. microeconomist. b. normative economist. c. macroeconomist. d. Ceteris paribus. e. social science economist.

The U.S. aggregate demand curve is downward sloping because

a. an increase in the U.S. price level causes an increase in U.S. spending on consumption goods b. at lower U.S. price levels, real wealth decreases, causing a decrease in the quantities of U.S. goods and services demanded c. at lower U.S. price levels, interest rates decrease, causing a decrease in the quantities of U.S. goods and services demanded d. at lower price levels in the U.S., U.S. exports become more attractive abroad, the demand for them increases, causing an increase in the quantities of U.S. goods andservices demanded e. increases in the U.S. price level do not affect American's real wealth