Answered: Which of the following factors affect…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following factors affect the Aggregate Demand curve?

Choose all that apply.

Group of answer choices

Education

Imports

Saving

Exports

Labor Force

Productivity

Investment

Government Purchases

Consumption

Technology

Expert Solution

Step 1

The entire quantity of products and services that households, corporations, governments, and foreign purchasers are willing and able to acquire at a specific price level in a specific period, often a year, is referred to as aggregate demand. It is often shown as a downward-sloping curve on a graph with the price level on the vertical axis and the quantity of production on the horizontal axis. It depicts the demand side of the economy.

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