The aggregate output demanded for a given price level occurs at the point where:
a. an economy reaches the full employment of labor.
b. aggregate expenditure equals real GDP
c. actual aggregate expenditures exceeds real GDP.
d. inventories of goods and services are increasing.
e. inventories of goods and services are decreasing.
b
Economics
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When inflation increases at a ________ rate, the money someone holds will ________ every day
A) high; buy more B) high; buy less C) low; buy less D) low; buy more
Economics
One reason a country might choose a flexible exchange rate
A) to reduce inflation and promote a stable economic environment. B) to reduce the impact of economic shocks. C) to rid themselves of the pressure of monetary management. D) that it is easier for all citizens to understand.
Economics