Assume you have $5,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level is equal to 125 at the end of the year, the real value of your savings is now closest to

In the long run, the AD-AS model suggests that an increase in aggregate demand will lead to

A recessionary GDP gap implies that…

The components of aggregate demand are…

Full employment is estimated to occur at an unemployment rate…

According to Keynes, the level of economic activity is predominantly determined by the level of

To eliminate an AD shortfall of $580 billion when the economy has an MPC of 0.80, the government should decrease taxes by…

Aggregate demand is the total quantity of output…

If the investment demand curve shifts to the left, then

If firms plan for $113 billion in investment for the year, but actual investment for the year was $138 billion, then