Aggregate demand is calculated by which of the following equations?
a. C + I + G + (X + M)
b. C + I + G + (X – M)
c. C + M + X + (G – I)
d. C + X + M + (I – G)
b. C + I + G + (X – M)
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What will be an ideal response?
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a. GDP/GDP deflator. b. GDP deflator/GDP. c. population/GDP. d. GDP/population.
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a. frictional b. structural c. cyclical d. natural
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