The components of aggregate expenditure include
I. imports.
II. consumption.
III. government transfer payments.
A) I, II and III
B) I and II
C) II only
D) II and III
Correct Answer:
Verified
Q1: If firms set prices and then keep
Q2: Disposable income is $6 billion and planned
Q4: Disposable income is divided into
A) consumption and
Q5: In the Keynesian model of aggregate expenditure,
Q6: In the Keynesian model of aggregate expenditure,
Q7: The Keynesian model of aggregate expenditure describes
Q8: Disposable income is
A) income plus transfer payments
Q9: Real GDP
A) is always greater then aggregate
Q10: The Keynesian model of aggregate expenditure assumes
Q11: Saving equals
A) disposable income minus taxes.
B) disposable
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