The amount of real GDP that will be made available by sellers at various price levels. A. Aggregate Supply B. Aggregate Demand C. Equilibrium GDP D. Aggregate Sellers
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- Specify the supply determinants of real GDP. List the factors of each category and explain in detail.The total value of real GDP that all sectors of the economy (C + I + G + Xn) are willing to purchase at various price levels A. Aggregate Supply B. Aggregate Demand C. Equilibrium GDP D. Aggregate PurchasesWhich of the following would cause the Aggregate Quantity Demanded to increase? a. An increase in the price level causing a decrease in the purchasing power of the consumers' wealth b. A decrease in the price level causing an increase in the market rate of interest c. An increase in the price level causing an increase in the purchasing power of the consumer's wealth d. A decrease in the price level causing a decrease in the market rate of interest e. None of the above
- How does the aggregate goods and services market differ from the regular supply and demand market? Address the measures of price, quantity, and the demand and supply curve(s).Please answer the correct answer please both are questions 1.2.3 explain please ASAP Don't answer by pen paper please State whether the following statements are true or false, then explain.1. Buying a Japanese-brand vehicle that was made in Texas would harm the U.S. GDP.2. Ken is not a U.S. citizen but teaches at the University of Chicago. The salary of his servicecannot be counted towards the U.S. GDP.3. A $20,000 car was produced and sold to a car dealer in 2019, but it was sold to final consumerin 2020 for $20,000 – then $20,000 is counted to the GDP of 2020.Increases in the quality of inputs that do not affect the quantity of those inputs, increase A. short - run aggregate supply but not long - run aggregate supply. B. aggregate quantity supplied. C. long - run aggregate supply but not short - run aggregate supply D. both long - run aggregate supply and aggregate quantity supplied. E. both long - run aggregate supply and short - run aggregate supply.
- Calculate total GDP for this economy given the following components of demand. Round your answer to the nearest tenth and enter the value in trillions of dollars. Components of GDP on the Demand Side (in trillions of dollars) Consumption Investment Government spending Exports Imports Provide your answer below: trillion Total GDP 12.9 3.8 4.2 3.0 4.2 ?The diagram that shows the income received and payments made by each sector of the economy is the: Select one: A. Income-expenditure diagram B. Income-price diagram C. Circular flow diagram D. Aggregate supply-aggregate demand diagram3. Currently, there is world-wide shortage of computer microchips.Determine the effects on: a. Supply of Toyota automobiles made in Ontario. b. Supply of peanuts grown in SouthwesternOntario. c. Demand for automobiles in Canada. d. GDP in Canada. e. Short-run aggregate demand and aggregate supply in Canada’s economy.
- Adjust the graph to show the effect of a decrease in the aggregate price level. look at image Which of the statements offers the best explanation for the change demonstrated in the graph? a. Prices of goods and services decrease on average. b. Consumers purchase less of one product, like cars, and more of another, like clothing. c. The law of demand dictates the behavior of the aggregate demand curve. d. The prices of a few goods in the market dropped substantially.Which of the following is not a component of the aggregate demand curve?a.Government spending(G)b.Investment(I)c.Consumption(C)d.Net Exports(X-M)e.SavingEquilibrium in the goods market exists when production, Y, is equal to the demand forgoods, Z.Explain the determination of equilibrium output in the goods market, use relevant algebra and graphs. Your discussion should include the following concepts• Consumption Spending• Investment Spending • Government spending