Economic Stabilization Policies

Macroeconomics focuses on the economy ________.on an individual levelas a wholeof the labor forceof only the standard of livingWhat does a aggregate supply curve do?Shows only how much goods can be produced.Measure how capital GDP affects real GDP.Measure how real GDP can be produced at various points.Measures the aggregate supply of the labor force solely.Which is true of aggregate demand?Aggregate demand can only decrease.Aggregate demand can only increase.Aggregate demand only increases when aggregate supply increases.Aggregate demand can both increase and decrease.When quantity supplied is the same as quantity demanded the price has reached ________.aggregate supplyaggregate demandequilibrium priceaggregate supply curveIf ?aggregate? is used to describe either supply or demand then, ________aggregate cannot apply to supply but only is referring to the total value of either supply or demand for all goods and services from everyone in an is referring to the total value of only demand because aggregate does not apply to is referring to the total value of either supply or demand for all goods and services from corporations only.Aggregate demand curve measures the current GDP of an economy.TrueFalseIf consumers decided to spend less and save more, AD would shift ________.rightleftno changedisappearIf consumers decided to spend more and save less, AD would shift ________.right leftno changedisappearIf an economist wanted to give an accurate prediction of an economy, aggregate supply and aggregate demand can be used.TrueFalseWhich best describes the purpose of using frameworks in the study of economics?It provides a basic structure but not necessarily accurate predictions.It gives accurate predictions.Frameworks are not useful in the study of an economy.None of these

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