The components of aggregate expenditure include
I. imports.
II. consumption.
III. government transfer payments.
A) I and II
B) II only
C) II and III
D) I, II and III
Correct Answer:
Verified
Q9: Consumers divide disposable income into
A) consumption and
Q10: The Keynesian model of aggregate expenditure describes
Q11: Real GDP
A) is always greater than aggregate
Q12: In the very short run, the components
Q13: According to the Keynesian theory, the typical
Q15: In the Keynesian model of aggregate expenditure,
Q16: The consumption function relates the consumption expenditure
Q17: Saving equals
A) disposable income minus taxes.
B) disposable
Q18: A consumption function shows a
A) negative (inverse)
Q19: Disposable income is equal to
A) consumption expenditure
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