Question
** Tables translate into the following: Price Level, Aggregate demand and offer added.** 1. The total number of people over 16 years of age who
** Tables translate into the following: Price Level, Aggregate demand and offer added.**
1. The total number of people over 16 years of age who are not institutionalized (jail or hospital) ______________________.
1. is the population of working or productive age
2. is equal to the number of employees plus the number of unemployed
3. does not include students
4. constitutes the workforce
2. When the price level increases,
1. the quantity of real GDP demanded decreases
2. aggregate demand decreases
3. aggregate demand increases
4. real GDP remains constant
3. In the United States, potential GDP is $ 1.25 billion and the following table shows short-term aggregate supply and demand.
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