Autonomous expenditure includes
A) consumption expenditure, investment, and net taxes.
B) investment, government expenditure on goods and services, and exports.
C) consumption expenditure, investment, and imports.
D) investment, government expenditure for goods and services, and imports.
E) consumption expenditures, investment, and exports.
B
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A defining feature of new growth theory is that it involves economic models of growth which account for
A) political changes. B) capital flight. C) technological progress. D) population increases.
In markets-oriented systems, handling of the manager-stockholder conflict in large firms is through
A) rating agencies. B) the potential for takeovers. C) management ownership of the firm. D) bank ownership of the firm.
Traditional classical economists believe that: a. wage rates are perfectly flexible. b. people do not have perfect information about the economy. c. prices are fixed for long periods of time. d. the price of resources, technology, and expectations cannot influence the equilibriumlevel of real GDP
e. changes in aggregate demand change only the real GDP.
Which of the following can a homebuyer pay for indirectly when purchasing a home?
A) good weather B) a good school district C) a nice view D) all of the above