Which of the following is a component of aggregate demand?
a. Transfer payments from government
b. Taxation by government
c. Purchases by government
d. Borrowing by government
e. Saving by consumers
c
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An aggregate supply curve depicts the relationship between
A) the price level and the quantity of nominal GDP supplied. B) household expenditures and household income. C) the price level and the quantity of real GDP supplied. D) the money wage rate and the quantity of real GDP supplied.
As the relative expected return on dollar assets increases, foreigners will want to hold more ________ assets and less ________ assets, everything else held constant
A) foreign; foreign B) foreign; dollar C) dollar; foreign D) dollar; dollar
The multiplier is the ratio of the
A. change in the equilibrium level of real GDP to the change in autonomous expenditures. B. change in autonomous expenditures to the change in the equilibrium level of real GDP. C. change in induced expenditures to the change in autonomous expenditures. D. equilibrium level of real GDP to the change in induced expenditures.
Technical and organizational change
A) typically reduces prices by increasing the supply of the product, ceteris paribus. B) typically reduces prices by decreasing the demand for the product, ceteris paribus. C) typically increases prices by increasing the demand for the product, ceteris paribus. D) typically increases prices by decreasing the supply for the product, ceteris paribus.