After a month, serum total PSA value was 1.2 ng/ml. In another blood test after 3 months, serum total PSA value rose to 7 ng/ml with a percent free PSA of 40%. The urologist recommended a transrectal ultrasound-guided prostate biopsy. The patient refused biopsy.
Of the four components of aggregate demand, consumption expenditure C is the largest contributing to between 60% and 70% of total expenditure. For this reason, we often start our analysis with this particular component.
Difficulty: E Type: D. Explain how aggregate quantity-demanded falls when the price level increases and the impact this has on interest rates and aggregate output. Aggregate quantity-demanded falls when the price level increases because the higher price level causes the demand for money to rise.With the money supply constant, the interest rate will rise to reestablish equilibrium in the money market. It is the higher interest rate that causes aggregate output to fall.t is a graph that shows the relationship between the aggregate quantity of output supplied by all firms in an economy and the overall price level. Difficulty: E Type: D. Explain why the aggregate supply curve is not a market supply curve.