Total expenditures as discussed by Gordon are
A) C + I + G + M.
B) C + S + T + X.
C) C + I + S + X.
D) C + I + G + X - M.
D
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Refer to the above figure. The figure represents the consumption function for a consumer. Point A represents
A) positive saving. B) negative consumption. C) autonomous consumption. D) zero saving.
Which of the following is likely to cause an increase in both the wage rate and the level of employment in an industry?
A) A left shift in the supply curve for labor, without any change in the demand curve for labor B) A left shift in the demand curve for labor, without any change in the supply curve for labor C) A right shift in the supply curve for labor, without any change in the demand curve for labor D) A right shift in the demand curve for labor, without any change in the supply curve for labor