Aggregate supply reflect billions of production decisions made by? Aggregate sup
ID: 1109521 • Letter: A
Question
Aggregate supply reflect billions of production decisions made by? Aggregate supply reflect billions of production decisions made by? Aggregate supply reflect billions of production decisions made by? The long-run equilibrium price level is the price level the a. economy produces its potential output b. e. d. Which of the following would shift the LRAS curve to the lef? a. b. c. d. If the unintended change in inventories equals zero, the economy is at its equilibrium level of demanded. a. True b. False economy is expected to reach when the Fed has stabilized interest rates federal budget is balanced discount rate equals the prime rate an increase in the average workweek an improvement in technology a civil war a decrease in aggregate demand 12. 13· The larger the MPC, the greater the multiplier effect. a. True b. False Aggregate supply reflects billions of production decisions made by 14. a. b. c. d. Consumption plus saving equals disposable income at every level of real GDP demande a. True b. False the largest firms and largest households households, which demand resources, and firms, which supply resources resource suppliers and firms households and firms, because they each demand goods and services 15. 16· The simple spending multiplier when divided by consumption spending equals saving b. c. is defined as one divided by the marginal propensity to consume d. is equal to the MPS plus the MPC a. is defined as one divided by the marginal propensity to saveExplanation / Answer
Since you have written question 14 above the paper, I am assuming you need an answer to it only.
14> Aggregate supply reflect billions of production decisions made by C> resource suppliers and firms
Reason
In the aggregate supply curve, we check the number of goods supplied for each unit of price, thus there is no role of the household here, thus it should be only the firms and resource suppliers.