Personal consumption expenditures include
A) expenditures by households on goods and services produced only in the United States.
B) expenditures by households on goods and services produced in the United States and the rest of the world.
C) the purchase of new homes.
D) the purchase of used goods and new goods.
B
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If the economy is operating below its full employment level, the Fed can
A) increase aggregate supply by raising the price level. B) increase aggregate demand by selling bonds and raising interest rates. C) increase aggregate demand by stimulating the demand for money. D) increase aggregate demand by increasing the rate of growth of the money supply.
The total amount of consumer surplus in a market is equal to the area below the demand curve
Indicate whether the statement is true or false