The total quantity of an economy's final goods and services demanded at different inflation rates is

A) the aggregate supply curve.
B) the aggregate demand curve.
C) the Phillips curve.
D) the aggregate expenditure function.

B

Economics

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The process of negotiation between union and management to arrive at a labor contract is called

a. arbitration b. mediation c. reconciliation d. collective bargaining e. impasse

Economics

A bus is mostly filled with passengers and ready to travel from Los Angeles to San Francisco. At the last minute, a person comes running up to the bus and takes a seat. The change in the bus company's total cost as a result of transporting one more passenger on this trip is called

a. marginal cost b. average total cost c. variable cost d. fixed cost e. opportunity cost

Economics