The largest component of aggregate expenditure in the United States is:
A. consumption.
B. government purchases.
C. exports.
D. investment.
Answer: A
You might also like to view...
When the marginal revenue curve cuts the horizontal axis,
A) demand is relatively elastic. B) demand is relatively inelastic. C) demand is perfectly elastic. D) demand is unitary elastic.
.An unanticipated shift to a more restrictive monetary policy by the Fed will result in which of the following?
What will be an ideal response?
The natural rate of unemployment is a measure of
a) human capital b) long run equilibrium in the labor market c) the rate at which natural resources are extracted and depleted d) the size of the private sector relative to the public sector e) the rate at which marginal returns to labor are diminishing according to the economy’s long run production function
A reduction in tariffs and quotas on imported goods shifts the
A. AS curve to the right. B. AS curve to the left. C. AD curve to the left. D. None of the choices are correct.