The aggregate supply curve cannot tell us
A) how the total dollar values of spending will ultimately be divided between output and prices.
B) how changes in the price level affect quantity demanded of all commodities.
C) what the effect of changes in interest rates will be on real GDP.
D) anything about the quantity demanded of all commodities and the price level.
A
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A country's balance of payments accounts records its
A) international exports and imports and nothing else. B) international trading, borrowing, and lending. C) tax receipts and expenditures. D) tariffs and nontariff revenue and government purchases. E) tariff receipts and what it pays in tariffs to other nations.
State and local property taxes are regressive
a. True b. False Indicate whether the statement is true or false