Simplify the Expression. - 1.4(3.4-4.2)

question 157

Multiple Choice

Simplify the expression.
- 1.4(3.4-4.2)

• A) 0.56
• B) -0.56
• C) 1.12
• D) -1.12

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Definitions:

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level in a given period.

Sticky-Price Theory

A theory proposing that prices of goods do not immediately adjust to changes in economic conditions, causing economic inefficiencies.

Aggregate Demand

The grand total of all demands for goods and services within an economic sphere, established at a certain collective price level during a fixed timeframe.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period, at a given price level.