In the aggregate expenditure model, ________ has both an autonomous component and an induced component
A) planned investment spending B) government spending
C) consumption spending D) net export spending
C
Economics
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According to the classical macroeconomic model discussed in the text, the key variable which adjusts to keep the economy in equilibrium when leakages are not equal to injections is ...
Select one: a. the inflation rate b. the interest rate c. the unemployment rate d. growth of real GDP
Economics
According to this Application, the recession of 1929 was primarily due to
A) an increase in aggregate supply resulting from European bank collapses. B) a decrease in aggregate supply due to rising gold prices. C) a decrease in aggregate demand resulting from decreases in government spending. D) a decrease in aggregate demand caused by the private sector.
Economics