The following list shows 4 shocks from the AD/AS model. Which of the shocks are aggregate demand shocks?
September 3, 2020
“”A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its…
September 3, 2020

The difference between nominal and real variables is that:

Select one:

a. Real variables have been adjusted for inflation

b. Real variables include opportunity cost

c. Nominal variables do not account for changes in business cycle

d. Real variables are measured after taxes have been deducted

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