Multiple Choice
In the macroeconomic model of aggregate supply and aggregate demand:
A) price is the overall price level.
B) quantity represents GDP.
C) price is calculated as a weighted average of the prices of all goods and services.
D) All of these are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: The quantity measure in the aggregate demand
Q29: Some call the Great Recession the:<br>A) period
Q30: When comparing tax and spending policy by
Q31: When the government considers whether it should
Q32: When the long-run aggregate supply curve shifts
Q33: The aggregate demand curve:<br>A) shows the relationship
Q35: Using Figure 1 above, if the aggregate
Q36: When the economy is operating at a
Q38: If government spending were to increase we
Q116: The long-run aggregate supply curve represents the