The Economy's Aggregate Supply (AS)curve Shows the Relationship Between the

question 103

Multiple Choice

The economy's aggregate supply (AS) curve shows the relationship between the

• A)equilibrium real GDP and marginal cost.
• B)equilibrium real GDP and desired consumption.
• C)price level and the marginal propensity to consume (MPC).
• D)price level and the total output that firms wish to produce and sell,with technology and input prices held constant.
• E)price level and the total output that firms wish to produce and sell,as technology and input prices vary.

Distinguish between different account groups and their normal balance sides.

Understand the application of horizontal analysis in financial statement analysis.

Understand the components and significance of balance of trade and current accounts in international economics.

Identify and explain the mechanisms and forums for resolving international business disputes.