Aggregate demand curves are
A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.
A
Economics
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Refer to the diagram below for the milk market. In this market, the equilibrium price is ____ and equilibrium quantity is ___
A. $1.50 per gallon; 28 million gallons
B. $1.50 per gallon; 30 million gallons
C. $28 per gallon; 150 million gallons
D. $1.00 per gallon; 35 million gallons
Economics
If the natural rate of unemployment is 4.5 percent and the actual unemployment rate is 6.5 percent, then Okun's law indicates that the GDP gap is:
A. 2 percent B. 3 percent C. 4 percent D. 6 percent
Economics