The four components of aggregate expenditure (AE) are:
A. consumption, internet, government, and capital spending.
B. consumption, investment, government, and capital spending.
C. consumption, investment, government, and net export spending.
D. consumption, investment, exports, and imports.
Answer: C
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When the Fed sells $100 worth of bonds to a primary dealer, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Unlike colonial America, there are no government restrictions on business activities and practices today
Indicate whether the statement is true or false
Which of the following statements about demand is true?
a. The demand curve for a group of consumers in a market is simply the horizontal summation of each individual's demand. b. The single demand curve shows the quantity of a good that people will buy, allowing all factors (price, income, expected future prices, etc.) to vary. c. An increase in income will cause a person to move down and to the right along her demand curve. d. All of the above are true.
Private ownership of most of the means of production is common to
A. capitalism and communism. B. capitalism and fascism. C. capitalism and socialism. D. fascism and communism.