Skip to main content
Back

Econ final

Control buttons has been changed to "navigation" mode.
1/11

  • on the curve PPF

    efficient use of resources

  • inside the curve of PPF

    infeicent use of resources

  • outside curve ppf

    currently unattainable

  • If pizza was considered a normal good if students income at your college increases substantially, there would be a what

    Increase in demand for pizza

  • The price of apples fall, what happens in the market of apple pies

    The equilibrium price falls, and the equilibrium quantity rises

  • The price orange is rises. What happens in the market for apples which are substitute for oranges

    The equilibrium price and quantity rise

  • The interest rate affects suggest the negative slope of the aggregate demand results and changes of Price level effect

    The demand for money by households and firms

  • What happens in a domestic economy when there's an increase in foreign prices all the things unchanged

    Net exports and aggregate demand increase

  • In the long run and increase an accurate demand all other things unchanged will cause the price level to what

    Increase and potential output to remain stable

  • Does output change if it's just short run aggregate demand

    Yes, I'll put can change only if it's short run I agree demand

  • Does output change if it's long run aggregate demand

    No output does not change if it's long run aggregate demand it can only remain stable