Which of the following is the primary determinant of aggregate demand in the simplest Keynesian expenditure model?
a. consumption spending
b. net exports
c. investments
d. government purchases
a
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Under conditions of perfect competition, if a profitable firm pushes its output beyond the point where MR equals MC,
a. profits increase. b. profits diminish. c. AFC increases. d. AVC decreases.
The Interstate Highway system in the U.S. has boosted economic productivity mainly through ________
A) the positive impact on tourism B) reduction in transportation costs C) increased competition among fast food restaurants D) increased speed of military deployments
An appreciation in the value of the U.S. dollar would
a. encourage foreigners to make more investments in the United States. b. encourage U.S. consumers to purchase more foreign-produced goods. c. increase the number of dollars that could be purchased with the euro. d. discourage U.S. consumers from traveling abroad.
Failure to pay back a loan:
a. collude b. collateral c. default d. accelerate