The Shape of the Aggregate Demand Curve Does Not Tell

question 133

Multiple Choice

The shape of the aggregate demand curve does not tell us anything about how the total dollar value of spending will ultimately be divided between output and prices. For this we need

• A)information about the standard of living in the country.
• B)information that only the Consumers' Price Index can provide.
• C)an aggregate supply curve.
• D)to know how far from the origin the aggregate demand curve is.

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Definitions:

Creativeness

The ability to produce original and unusual ideas, or to make something new or imaginative.

Self-actualizers

Individuals who have realized their potentialities and seek personal growth, fulfilling their highest capacities.

Maslow

A rephrased definition for Maslow's Theory: Abraham Maslow's hierarchical framework that outlines a sequence of human needs from basic physiological needs to complex psychological growth needs culminating in self-actualization.

Intolerance

An unwillingness to accept views, beliefs, or behaviors that differ from one's own.