Which of the following is incorrect?
a. given aggregate demand, an increase in aggregate sup...
Which of the following is incorrect?
a. given aggregate demand, an increase in aggregate supply increases real output and, assuming downward-flexible prices, reduces the price level.
b. as the u. s. price level rises, u. s. goods become relatively more expensive so that u. s. exports fall and u. s. imports rise.
c. as the price level falls, the demand for money declines, the interest rate declines, and interest-rate-sensitive spending increases.
d. when the price level increases, real balances increase and businesses and households find themselves wealthier and therefore increase their spending.
Answers: 3
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Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.
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Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
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