The aggregate demand curve
A) is like individual demand curves in that prices of other goods are held constant.
B) is like individual demand curves in that income is constant.
C) differs from individual demand curves in that the aggregate demand curve is not downward sloping.
D) differs from individual demand curves in that the aggregate demand curve looks at the entire circular flow of income and product while the individual demand curve looks at only one good.
D
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Which of the following both reduce net exports?
a. exports rise, imports rise b. exports rise, imports fall c. exports fall, imports rise d. exports fall, imports fall
The shorter is the interval between firms' price adjustments,
A. a given unexpected increase in aggregate demand will cause a smaller increase in the price level in the short run. B. a given unexpected increase in aggregate demand will cause a larger increase in output. C. the greater is the scope for activist policies to stabilize the economy. D. the smaller is the scope for activist policies to stabilize the economy.