In a market, if the price is lower than the equilibrium price, A. the quantity supplies exceeds the quantity demanded, so there is a surplus.October 9, 2020
Why is the AD curve downward sloping? 1. The higher interest rate produced by a lower priceOctober 9, 2020
If the consumption function: C = $350 + 0.9Yda)At what level of income does savings equal zero?b)If this economy’s disposable income were $4,000, what would be its consumption and savings?
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