Total planned real expenditures measured along the aggregate demand curve are made up of
A) consumption spending, factor payments, investment spending, and net export spending.
B) consumption spending, income, government spending, and net export spending.
C) consumption spending, saving, investment spending, and government spending.
D) consumption spending, investment spending, government spending, and net export spending.
D
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An increase in income, holding prices constant, can be represented as:
A) a change in the slope of the budget line. B) a parallel outward shift in the budget line. C) an outward shift in the budget line with its slope becoming flatter. D) a parallel inward shift in the budget line.
Market-oriented economists favor the use of _____ to solve the global warming problem
a. explicit emission targets b. taxes on emissions c. tradable rights d. Both (a) and (b) e. Both (b) and (c)
The steeper the short-run aggregate supply curve over the relevant range, the more contractionary monetary policy will reduce prices and the less it will decrease real output
a. True b. False Indicate whether the statement is true or false
Which of the following contributed to the increase in household and wealth inequalities in the U.S?
A. A decrease in jobs performed by intellectually-challenging labor B. An increase in service-sector jobs C. An increase in the participation of women in the labor force D. A decline of union-represented manufacturing employees