In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of $17.0 trillion, then it must be the case that

A) aggregate demand has decreased.
B) aggregate supply has decreased.
C) aggregate demand has increased.
D) aggregate supply has increased.

Economics

Which of the following is not included in M1?

A) retail money market mutual funds B) checkable deposits C) traveler's checks D) all of the above

View

Economics

Amount at which the quantity supplied is equal to the quantity demanded

What will be an ideal response?

View

Economics