In the short-run macro model, aggregate expenditures are found by which of the following formulas?
a. AE = C + I + G + NX
b. AE = Ip + T + S + G
c. AE = C + Ip - T + NX
d. AE = C + Ip + G + NX
e. AE = C + Ip + G - NX
D
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Indicate whether the statement is true or false
The main attractive feature of a negative income tax program is
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A price ceiling set below the equilibrium price is nonbinding
a. True b. False Indicate whether the statement is true or false