If a component of aggregate demand increases,
A) GDP in the United States is likely to increase less than that component of spending increased.
B) GDP in the United States is likely to increase more than that component of spending increased.
C) GDP in the United States is likely to decrease.
D) GDP in the United States will not change.
B
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An economy growing at a 1% annual rate over 50 years will see its GDP per capita rise by a total of _______.
a. 50% b. 64% c. 75% d. 100%
If producing just one more tube of toothpaste makes Crest's average total cost fall, the marginal cost of that tube of toothpaste is
a. less than one b. greater than the average total cost of the previous tubes c. greater than the average variable cost of the previous tubes d. less than the average total cost of the previous tubes e. less than the marginal cost of the previous tube
Which is not a desirable property of money?
Which of the following forces did Keynes assert had the strongest influence on consumption decisions?
A. Wealth. B. Interest rates. C. Disposable income. D. Prices.