The Model of Aggregate Demand and Aggregate Supply

question 12

Multiple Choice

The model of aggregate demand and aggregate supply

• A)is different from the model of supply and demand for a particular market,in that we cannot focus on the substitution of resources between markets to explain aggregate relationships.
• B)is different from the model of supply and demand for a particular market,in that we have to separate real and nominal variables in the aggregate model.
• C)is a straightforward extension of the model of supply and demand for a particular market,in which substitution of resources between markets is highlighted.
• D)is a straightforward extension of the model of supply and demand for a particular market,in which the interaction between real and nominal variables is highlighted.

---

Definitions:

Monohybrid Cross

A genetic cross between parents that differ in one characteristic, looking at the inheritance of a single trait.

Punnett Square

Visual representation developed by Reginald Punnett that is used to calculate the expected results of simple genetic crosses.

Phenotypic Ratio

The proportion of different phenotypes observed among offspring in genetic crosses, reflecting genetic variation.

Homozygous

Possessing two identical alleles for a particular trait.