Which of the following is not included in aggregate demand?
a. purchases of stock and bonds
b. purchases of services such as visits to the doctor
c. purchases of capital goods such as equipment in a factory
d. purchases by foreigners of consumer goods produced in the United States
a
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The mean and variance of a Bernoille random variable are given as
A) cannot be calculated B) np and np(1-p) C) p and D) p and (1- p)
A reduction in interest rates by the Fed with the intention of reducing a recessionary gap is called:
A. monetary tightening. B. autonomous monetary policy. C. contractionary monetary policy. D. expansionary monetary policy.
Budget surpluses can stimulate capital formation and spur economic growth.
Answer the following statement true (T) or false (F)
Explain “cost-push” inflation using aggregate demand–aggregate supply analysis.
What will be an ideal response?