Which one of the following are the components of aggregate expenditures?
a. Household consumption, business investment, government spending for goods and services, and net exports.
b. Household consumption, business investment, government transfer payments, and net exports.
c. Household consumption, business investment, government spending for goods and services, and exports.
d. Household consumption, business investment, government spending for goods and services, and saving.
e. Household consumption, business inventories, government spending for goods and services, and net exports.
a
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In game theory, the strategy that results in the highest payoff to a player regardless of what the other player decides to do is called the:
A) Stackleberg equilibrium. B) equilibrium strategy. C) min-max strategy. D) dominant strategy.
All of the following are possible outcomes of a financial crisis EXCEPT
A) bank failings and disintermediation. B) a recession. C) an increase in domestic consumption. D) depreciation or devaluation of a currency.
During a recession, automatic stabilization causes the government budget deficit to
A) fall. B) increase. C) remain stable. D) move in the same direction as Y.
Suppose an economy is in a steady state, then its saving rate falls, once and permanently. As the economy approaches its new long-run steady state, consumption per worker is ________
A) falling B) rising C) unaffected D) either rising or falling