What information is provided by the aggregate demand curve?
What will be an ideal response?
The aggregate demand curve relates total planned real expenditures to each price level. The price level is measured by the GDP deflator. The lower is the price level, the higher are total planned real expenditures, other things being equal.
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Some studies have found that people who owned guns were more likely to be killed with a gun. Do you think this study is strong evidence in favor of stricter gun control laws? Explain
What will be an ideal response?
A 2.9 percent payroll tax (1.45 percent levied on both the employee and the employer) imposed on current workers is used to finance the
a. Medicaid program that provides healthcare for the poor. b. hospitalization costs of Medicare beneficiaries. c. cost of physician services supplied to the elderly. d. healthcare costs of both the elderly and the poor.