The various quantities of all final commodities demanded at various price levels, ceteris paribus, is the
A) LRAS.
B) production possibilities curve.
C) aggregate demand curve.
D) aggregate supply curve.
C
Economics
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Refer to Figure 24-4. In the figure above, LRAS1 and SRAS1 denote LRAS and SRAS in year 1, while LRAS2 and SRAS2 denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?
A) 8% B) 9.1% C) 10% D) 12%
Economics
Which of the following would lead to a rightward shift of the money demand curve?
a. Expectations that the interest rate will fall b. New substitutes for money become popular c. The use of electronic money increases d. Substitutes for money become less popular e. The use of credit cards increases
Economics