Multiple Choice
What does aggregate supply reflect?
A) It reflects billions of production decisions made by millions of individual resource suppliers and firms in the economy.
B) It reflects billions of production decisions made by millions of individual households in the economy.
C) It shows the relation between the interest rate and the quantity of capital goods firms supply.
D) It shows the relation between investment and the quantity of capital goods firms supply.
E) It shows an inverse relationship between the price level and real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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