The AD curve is the relationship between
A) aggregate planned expenditure and the price level.
B) aggregate planned expenditure and real GDP when the price level is fixed.
C) the quantity of real GDP demanded and the unemployment rate.
D) aggregate planned expenditure and the quantity of real GDP demanded.
E) the quantity of real GDP demanded and the quantity of real GDP supplied.
The above figure shows a nation's consumption function.
A
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Interest is considered a(n)
A) explicit cost when the firm pays a bank to borrow money. B) implicit cost when the firm owner uses his or her own funds to buy capital. C) return to entrepreneurship if the firm owner uses her own funds to buy capital. D) form of depreciation if the cost of borrowing increases. E) Both answers A and B are true.
Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
A. consumer expectations on investment projects. B. consumer spending. C. government regulation. D. net export spending.