Which of the following is not a component of the aggregate expenditures of a country?
a. Investment
b. Government spending
c. Net exports
d. Consumption
e. Transfer payments
e
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The slope of an indifference curve is
a. the rate of change of consumer's preferences. b. the marginal rate of preference. c. the marginal rate of substitution. d. always equal to the slope of the budget constraint.
If inflation falls,
a. people choose to put in more effort to keep money balances low. When inflation is unexpectedly low it redistributes wealth from lenders to borrowers. b. people choose to put in more effort to keep money balances low. When inflation is unexpectedly low it redistributes wealth from borrowers to lenders. c. people choose to put in less effort to keep money balances low. When inflation is unexpectedly low it redistributes wealth from lenders to borrowers. d. people choose to put in less effort to keep money balances low. When inflation is unexpectedly low it redistributes wealth from borrowers to lenders.