The ________ model focuses on the relationship between total spending and real GDP in the short run, assuming the price level is constant

A) supply and demand B) national income
C) business cycle D) aggregate expenditure

D

Economics

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The above figure shows a linear (straight-line) demand curve. Starting at point A and then moving to point B and then point C, the price elasticity of demand

A) increases. B) decreases. C) increases and then decreases. D) decreases and then increases.

Economics

Fungibility means that

a. donors allow recipients to use aid money for any purpose they want b. even if aid money is specified for a project, this frees up a similar amount for other uses c. aid money is given for programs that allow recipients to choose how to use it, within specific limits d. aid money is given in the local currency so its source is unidentifiable e. all of the above

Economics