As a component of GDP, consumption expenditures refers to purchases by consumers of currently produced goods and services

Authors are allowed to be monopolists in the sale of their books in order to

a. encourage authors to write more and better books. b. correct for the negative externalities that the Internet and television impose. c. satisfy literary advocacy groups that exercise their lobbying power. d. promote a society in which people think for themselves and learn from whichever books they please.

Which of the following is included in the aggregate demand for goods and services?

a. consumption demand b. investment demand c. net exports d. All of the above are correct.