The aggregate expenditure line is upward sloping since as GDP increases,
A) consumption increases
B) investment increases
C) government purchases increase
D) net exports increase
A
Economics
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For the perfectly competitive broccoli producers in California, the market demand curve for broccoli is
A) a horizontal line. B) downward sloping. C) nonexistent. D) upward sloping. E) the same as the demand curve each firm faces.
Economics
If economic output is increased by increasing the number of people working in the economy, then
a. both GDP per capita and labor productivity will increase. b. both GDP per capita and labor productivity will decrease. c. GDP per capita will increase. d. Labor productivity will increase.
Economics