Government purchases include government spending on:
A. government consumption goods and public capital goods.
B. government consumption goods only.
C. public capital goods only.
D. government consumption goods, public capital goods, and transfer payments.
A. government consumption goods and public capital goods.
Economics
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Which of the following is not "crowded out" by higher interest rates as a result of expansionary fiscal policy?
A) net exports B) private investment C) consumption D) government spending
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When indifference curves are downward sloping, the marginal rate of substitution is usually constant
a. True b. False Indicate whether the statement is true or false
Economics