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