The Determinants of Aggregate Supply

question 107

Multiple Choice

The determinants of aggregate supply

• A) are consumption, investment, government, and net export spending.
• B) explain why real domestic output and the price level are directly related.
• C) explain the three distinct ranges of the aggregate supply curve.
• D) include resource prices and resource productivity.

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Definitions:

Neurons

Specialized neurons in the nervous system that communicate information via electrical and chemical signals.

Networks

Systems of interconnected people, computers, or other entities through which information, resources, and communications are exchanged.

Behaviour

Actions or reactions of an individual, in response to external or internal stimuli.

Sensory Cortex

The region of the brain responsible for receiving and interpreting sensory information from various parts of the body.