The aggregate supply curve is defined as:
a. net national product.
b. the sum of wages, rent, interest, and profits.
c. the real GDP produced at different price levels.
d. the total dollar value of household expenditures.
c
Economics
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A) Excise tax B) Sales tax C) Corporate income tax D) Payroll tax
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Which of the following components are involved in microeconomics?
a. aggregate economy; firms; agricultural subsidies b. aggregate economy; households; inflation c. smaller economic units; households; income distribution d. smaller economic units; firms; business cycles
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