Which one of the following are the components of aggregate expenditures?
a. Household consumption, business investment, government spending for goods and services, and net exports.
b. Household consumption, business investment, government transfer payments, and net exports.
c. Household consumption, business investment, government spending for goods and services, and exports.
d. Household consumption, business investment, government spending for goods and services, and saving.
e. Household consumption, business inventories, government spending for goods and services, and net exports.
a
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A binding minimum wage raises the incomes of some workers, but it lowers the incomes of workers who cannot find jobs
a. True b. False Indicate whether the statement is true or false
With flexible exchange rates
A. The balance of trade is zero. B. All countries will run either a trade surplus or trade deficit. C. The equilibrium exchange rate is determined in a foreign exchange market. D. Foreign exchange reserves are used to offset balance-of-payment deficits.