The aggregate demand curve indicates the relationship between:
A. the real wage rate and the quality of resources demanded by producers of goods and services.
B. the interest rate and the amount of loanable funds demanded by borrowers.
C. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium.
D. the general price level and the aggregate quantity of goods and services demanded.
Answer: D
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Identify the incorrect statement about the U.S. federal deficit. a. The U.S. is now the world's leading creditor
b. The U.S. borrows huge sums from abroad. c. Some critics blame U.S. fiscal policy as reflected in the large federal deficits for the switch of the U.S. from creditor to debtor nation. d. Japan and China are big buyers of U.S. Treasury securities. e. The federal budget, on an average, had a deficit of 3.0 percent relative to GDP.
Monetary policy attempts to control
A) the money supply and interest rates. B) the budget deficit and the money supply. C) the yield curve and interest rates. D) none of these choices.