Question
What is the difference between a change in aggregate demand and a change in aggregate quantity of real GDP demanded? Select one: a. A change
What is the difference between a change in aggregate demand and a change in aggregate quantity of real GDP demanded?
Select one:
a.A change in aggregate demand is represented by a movement along the aggregate demandcurve in response to a price change while a change in aggregate quantity of real GDP demanded is represented by a shift of the aggregate supply curve in response to a change in a component of aggregate demand.
b.A change in aggregate demand is represented by a shift of the aggregate demand curve in response to a change in the actual price level while a change in aggregate quantity of real GDP demanded is represented by a movement along the aggregate demand curve in response to a change in the expected price level.
c.A change in aggregate demand is represented by a shift of the aggregate demand curve in response to a change in a component of aggregate demand while a change in aggregate quantity of real GDP demanded is represented by a movement along the aggregate demand curve in response to a change in the price level.
d.There is no difference between the two terms.
The saving function shows
Select one:
a.the amount of saving at each level of aggregate demand, holding all other determinants of saving constant.
b.the amount of saving on at each level of disposable income, holding all other determinants of saving constant.
c.the amount of saving at each price level, holding all other determinants of saving constant.
d.the amount of saving at each wage rate, holding all other determinants of saving constant.
Chose an answer
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