Which of the following statements is (are) incorrect?
a. Consumption plays a central role in the Keynesian theory of income determination
b. Consumer expenditure is the largest component of aggregate demand
c. In recent years, consumption has totaled between 60 and 70 percent of GDP
d. Keynes believed that investment was largely determined by expectations
e. all of the above are correct
E
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Puts and calls are the choices available to participants in the
A) options market. B) futures market. C) swap market. D) stock market.
According to Hughes and Cain (2011), all of the following have been primary motives throughout American history for government regulation except
(a) the existence of monopoly power (b) quality control of products and services (c) funding of government activities through taxation (d) raising wages and improving working conditions