Markets exist to facilitate exchange between people
Indicate whether the statement is true or false
TRUE
Economics
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Assuming the price level has not changed, how would an increase in the aggregate demand affect real GDP?
A) It only changes with changes in exports. B) It increases. C) It only changes with changes in imports. D) It decreases.
Economics
Explain the income effect and the substitution effect due to an increase in the wage rate
What will be an ideal response?
Economics