Which components of aggregate expenditure change as a result of real GDP changing?
A) consumption expenditure, investment, and government expenditure on goods and services
B) consumption expenditure and investment
C) consumption expenditure and imports
D) consumption expenditure and government expenditure on goods and services
E) consumption expenditure, investment, and exports
C
Economics
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When there is a choice between the consumption of bundle X and bundle Y, the opportunity cost of consuming bundle X is bundle Y
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following statements is true?
A) Velocity equals the money supply. B) GDP is larger than the money supply if velocity is greater than 1. C) The money supply must be equal to GDP. D) GDP is always twice the money supply.
Economics