The aggregate demand curve is downward sloping which states that there exists an inverse relationship between price and aggregate demand.Answer and Explanation: The main components of aggregate demand are as follows: Consumption: This component consists of both autonomous...
This chapter discusses the components of aggregate demand. Macroeconomics should enhance our understanding of the factors that determine output, employment, and the level of prices. Prior to the Great Depression of the 1930s, most economists felt that a market economy would automatically provide for ...
Aggregate demand is the total commodities and services that are demanded by the population of the economy. Aggregate demand is a macroeconomic concept and included the individual demands of the firms in the industry.Answer and Explanation:
Explain the concepts of shocks in aggregate demand and aggregate supply.相关知识点: 试题来源: 解析 总需求冲击指外部因素导致总需求曲线位移(如政策变化、消费信心突变);总供给冲击指生产条件突变导致总供给曲线位移(如油价暴涨、技术革新)。 1. **概念定位**:需先明确总需求(AD)与总供给(AS)曲线的经济学...
If aggregate demand and aggregate supply both shift right, we can be sure that the price level is higher in the short run.ANS: F DIF: 2 REF: 33-5NAT: Analytic LOC: Aggregate demand and aggregate supplyTOP: Short-run equilibrium MSC: Analytical 相关知识点: 试题来源: 解析...
Within the framework of the aggregate demand/aggregate supply model, an increase in short run aggregate supply will cause: a. Real output to decline and the price level to rise. b. Real output to decline and the price level to fall. c. Real output to expand and the price level to rise...
True or False: The quantity demanded of a good or service varies inversely with its price. The long-run aggregate demand curve can never shift. True False State True or False. Demand for labor is a Derived Demand. The largest component of aggregate demand is consumption....
What economies are driven by supply and demand? What is aggregate output in macroeconomics? What is demand theory in managerial economics? What is effective demand in Keynesian economics? What is income elasticity of demand in economics? What is the point at which the supply curve and the demand...
Aggregate demand: Aggregate demand is the amount of a country's goods and services demanded by households and firms throughout the world.相关知识点: 试题来源: 解析错误 题目中对总需求的定义存在错误。总需求指的是一个国家内部和外部所有经济主体(包括本国居民、企业、政府以及国外购买者)在一定时期内对...
- **C**:正确。AD曲线在给定M的条件下,展示不同P对应的Y值,例如通过IS-LM模型推导时,M确定后,P变化引起实际货币余额(M/P)变化,进而影响Y。- **D**:错误。描述的是货币政策的结果(AD曲线移动),而非AD曲线本身的内容。综上,AD曲线的核心是给定M时P与Y的组合,正确答案为**C**。