In the Keynesian cross diagram, if the aggregate expenditure line intersects the 45-degree line at potential GDP, then the economy is in recession

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Which of the following will cause an increase in current consumption?

A) an increase in current disposable income B) an increase in financial wealth C) an increase in human wealth D) all of the above E) both B and C

Economics

Economists use the term "money" to refer to

a. all wealth. b. all assets, including real assets and financial assets. c. all financial assets, but not real assets. d. those types of wealth that are regularly accepted by sellers in exchange for goods and services.

Economics