The law of diminishing marginal utility is the reason for upward sloping supply curves
a. True
b. False
Indicate whether the statement is true or false
False
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Briefly describe changes in life expectancy, average height, and infant mortality in the United States since 1850
What will be an ideal response?
In the fixed-price Keynesian model, what would be the impact of an increase in aggregate expenditure on the aggregate demand curve and real GDP?
a. The aggregate demand curve would shift rightward and real GDP would increase. b. The aggregate demand curve would shift leftward and real GDP would decrease. c. The aggregate demand curve would shift rightward and real GDP would decrease. d. The aggregate demand curve would shift leftward and real GDP would increase. e. The aggregate demand curve and real GDP would both remain constant.