The aggregate expenditures function (AE) is the total spending in an economy at a given:
a. rate of interest
b. level of disposable income.
c. level of autonomous investment.
d. price level.
b
You might also like to view...
Which of the following is included in M1?
A) the $200 you charged on your credit card to purchase your textbooks B) the $200 check you wrote to purchase your textbooks C) the $200 in cash you used to purchase your textbooks D) the $200 loan you arranged to purchase your textbooks
When the economy moves into and out of recessions and expansions, the unemployment rate fluctuates around the
A) natural unemployment rate. B) structural unemployment rate. C) cyclical unemployment. D) frictional unemployment rate.
Based on the table showing poverty for different groups, which racial group has the highest poverty rate?
a. Asians
b. Blacks
c. Hispanics
d. Whites
If the price level decreases, what will happen to the level of real GDP supplied?
A. It will usually decrease. B. It will usually increase. C. Nothing. D. It will decrease at first and then increase.