Which of the following lists all the components that are included in aggregate demand?
A. Government spending, saving, consumption, and investment.
B. Net exports, government spending, consumption, and transfer payments.
C. Consumption, government spending, net exports, and investment.
D. Investment, imports, exports, and consumption.
Answer: C
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Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the quantity of apartments demanded at the new price?
A) 0 B) Q0 C) Q1 D) Q*
A consumption tax is usually collected on
a. wages and salaries. b. interest income. c. dividend income. d. None of these.
A firm operating at MC = MR must be making a profit
a. True b. False Indicate whether the statement is true or false
Sources of market failure include
A. public goods. B. external costs. C. external benefits. D. All of the above are correct.