Author: Anonymous

Which of these is aggregate demand?

Income transfers become part of aggregate demand as soon as they are delivered to consumers.

The equilibrium price in a market is found where

Our description of the market mechanism included which of the following?

Our description of the market mechanism included which of the following?

The ratio of a bank’s total reserves to its total deposits is how much of a bank’s deposits it has to keep on hand. A bank is not allowed to lend this out and is forced to keep it in reserve. This ratio is known as the what?

The ratio of a bank’s total reserves to its total deposits is how much of a bank’s deposits it has to keep on hand. A bank is not allowed to lend this out and is forced to keep it in reserve. This ratio is known as the what?

Which of the following will happen if an economy’s current output coincides with full employment, but businesses begin to notice that consumers, government, businesses, and the foreign sector do not buy all that is being produced?

The production possibilities curve model shows us what?

When we described the production possibilities curve, how did we describe production that is not efficient using this model?