In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then GDP decreases
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is likely to lead to an increase in the gross domestic product of a country?
A) An increase in the tax rates in the country B) An increase in the interest rate in the country C) An increase in the capital stock of the economy D) An increase in the unemployment rate in the country
Economics
During 2007, many "subprime" and "Alt-A" borrowers began to default on their mortgages. Describe "subprime" and "Alt-A" borrowers
What will be an ideal response?
Economics