The AE curve illustrates the relationship between
A) real GDP and actual expenditure.
B) the interest rate and aggregate planned expenditure.
C) real GDP and the interest rate.
D) aggregate planned expenditure and real GDP.
E) the quantity of real GDP demanded and the price level.
D
Economics
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Which of the following is NOT an example of physical capital?
A) a computer B) a lawn mower C) a dump truck D) a building E) a bond
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The slope of a typical isoquant is negative because to produce a given output, a producer
A) can use less of one input only if the productivity of that input increases B) will use more of one input only if the price of that input falls. C) will use more of one input only if it uses more of another. D) can use less of one input only if it uses more of another.
Economics