The aggregate demand curve
The total quantity of an economy's intermediate goods demanded at all price levels
The total quantity of an economy's intermediate goods demand at a particular Price level
The total quantity of an economy's final goods and services demanded at a particular level.
The total quantity of an economy's final goods and services demanded at different price levels
The macro economic thinking was revolutionized by
David Ricardo
J.M. Keynes
Adam Smith
Malthus
Aggregate demand is the total demand for all goods and services in an economy from
All sectors including the rest of the world
The household sector
The household and government sectors
The aggregate demand curve shift to the left when
The price level increases
Taxes are increased
All of the above
The aggregate demand curve is downward sloping because
A lower price level, holding the nominal quantity of money constant, leads to a larger quantity of money in real terms causes the interest rate to fall, and stimulates planned investment spending
A lower price level, holding the nominal quantity of money constant leads t a larger quantity of money in real terms, causes the interest rate to fall, and stimulates planned investment spending
A higher price level, holding the nominal quantity of money constant
A higher price level holding the nominal quantity of money change
Unemployment
Disguised unemployment
Full employment
Under-employment
The accelerator theory of investment says that induced investment is determined by:
The rate of change of national income
The level of aggregate demand
Expectations
The most important determinant of consumption and saving is the:
Level of bank credit
Level of income
Interest rate
Price level
Keynes assumed the situation of
Under employment
Involuntary unemployment
Marginal unemployment
The marginal propensity of expenditure
The average propensity to consume
The marginal propensity to save
The marginal propensity to consume
