The aggregate demand curve shows the relationship between the ________ and ________

A) price level; quantity of real GDP demanded
B) real interest rate: quantity of real GDP supplied
C) nominal interest rate; quantity of real GDP demanded
D) inflation rate; quantity of real GDP demanded

A

Economics

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Rapid population growth can threaten sustained economic growth if it: a. leads to diminishing marginal returns in production

b. remains unmonitored by government agencies. c. enables economies of scale in production to be exploited. d. leads to increased capital formation.

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If a consumer is initially at an optimum, and then the price of X falls, then

A) MUX/PX > MUY/PY. B) MUX/PX < MUY/PY. C) MUX/PX = MUY/PY. D) MUX/MUY < PY/PX.

Economics