All of the following would be included in aggregate expenditure except
A. social security payments.
B. changes in inventories.
C. sales of domestically produced goods to foreigners.
D. purchases of services provided by government employees.
Answer: A
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If the tea harvest is bad in a particular year, what will happen in the market for coffee?
a. increased price and decreased quantity b. increased price and increased quantity c. decreased price and increased quantity d. decreased price and decreased quantity e. no change in equilibrium price and quantity
Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason for this is to:
A. restrict the supply of construction workers. B. increase the elasticity of demand for construction workers. C. increase the demand for construction workers. D. increase the price of substitute inputs.