In the graph showing an increase in aggregate demand, if aggregate demand moves from point A to point B, ______.
a. aggregate demand will weaken
b. price levels remain unchanged
c. RGDP increases by $1 trillion
d. unemployment increases by 3 percent
c. RGDP increases by $1 trillion
Economics
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Which of the following will not shift the demand curve for movie tickets?
a. a change in the cost of babysitting services b. a change in the price of movie tickets c. a change in the quality of television programs d. a change in the income of movie-goers e. a change in the number of consumers
Economics
Alfred Marshall first described the concept of
A. utility. B. consumer surplus. C. diminishing marginal utility. D. the diamond-water paradox.
Economics