In the classical model, an increase in aggregate demand will cause
A. an increase in actual output, or Gross Domestic Product (GDP).
B. a decrease in actual output, or Gross Domestic Product (GDP).
C. a decrease in price level.
D. an increase in price level.
Answer: D
Economics
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Refer to Scenario 17.1. If the threshold educational level y* is set at 10,
A) only individuals in Group A will attain it. B) only individuals in Group B will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.
Economics
The slope of a line that passes through the points (20, 30) and (40, 14) is
a. -5/4. b. -4/5. c. 4/5. d. 5/4.
Economics