Podcast
Questions and Answers
What does the aggregate demand curve illustrate in macroeconomics?
What does the aggregate demand curve illustrate in macroeconomics?
What causes a movement along the aggregate supply curve in macroeconomics?
What causes a movement along the aggregate supply curve in macroeconomics?
What is the impact of an increase in government spending on the aggregate demand curve?
What is the impact of an increase in government spending on the aggregate demand curve?
In a free market economy, who primarily determines the allocation of resources?
In a free market economy, who primarily determines the allocation of resources?
Signup and view all the answers
What is a characteristic of prices in a free market economy?
What is a characteristic of prices in a free market economy?
Signup and view all the answers
How does competition typically function in a free market economy?
How does competition typically function in a free market economy?
Signup and view all the answers