Which of the following is not a part of aggregate expenditure?
A. Consumption
B. Net exports
C. Government purchases
D. The nominal interest rate
Answer: D
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When Jack's income increases by $1,000, he spends an additional $850 dollars. This implies that his marginal propensity to save is 0.85
Indicate whether the statement is true or false
The effect on the aggregate demand curve of which of the following is most similar to the effect of a decrease in the barriers to efficient functioning of financial markets?
A) a decrease in autonomous investment B) a decrease in the inflation rate C) an autonomous loosening of monetary policy D) a decrease in expected inflation E) a negative price shock
The top ten causes of death in the United States in 2010 included all of the following but
a. heart disease. b. cancer. c. suicide. d. kidney failure. e. AIDS.
In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand curve is:
a. horizontal; downward sloping b. downward sloping; horizontal. c. downward sloping; downward sloping. d. horizontal; horizontal.