At an initial point on the aggregate demand curve, the price level is 100, and real gdp is $18 trillion. after the price level rises to 110, however, there is an upward movement along the aggregate demand curve, and real gdp declines to $14 trillion. if total planned spending declined by $200 billion in response to the increase in the price level, what is the marginal propensity to consume in this economy?

Which of the following would classify as a general education requirement

Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.