The largest component of aggregate expenditure is
a. consumption spending
b. government purchases
c. net exports
d. capital expenditures
e. investment spending
A
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Which of the following statements is true?
A. The prime rate is higher than the federal funds rate. B. The federal funds rate is higher than the prime rate. C. The prime rate is often the same as the discount rate. D. The federal funds rate and the prime rate are often the same.
In the equilibrium for a common resource with no government regulation
a) marginal private benefit equals marginal cost b) marginal social benefit is greater than marginal cost c) marginal social benefit equals marginal cost d) marginal social benefit is greater than marginal private benefit
Which of the following would be most appropriate if the Federal Reserve wanted to increase the money supply in order to stimulate the economy?
A. Buy U.S. government securities. B. Force the Treasury to reduce the national debt. C. Raise the discount rate. D. Increase the reserve requirements.
The national debt is the amount of ________.
Fill in the blank(s) with the appropriate word(s).