Explain the determinants of aggregate private spending
What will be an ideal response?
Aggregate private spending, A, equals C plus I. So, A is a function of current income, future expected income, current taxes, future expected taxes, current interest rates, and future expected interest rates.
Economics
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Refer to Scenario 1 . The student has already taken 9 exams. His 9th exam was a 65 and his 10th exam was higher than the 9th exam. What can we conclude has happened to his average?
What will be an ideal response?
Economics
Arthur Burns and Wesley Mitchell first described business cycles as ________
A) fluctuations in consumer preferences B) fluctuations in the price of bicycles C) fluctuations in aggregate economic activity D) all of the above E) none of the above
Economics