In an economy without a government and without international transactions, aggregate expenditure at each level of income is equal to:
a. consumption plus saving
b. planned investment plus saving.
c. disposable income plus the price level.
d. consumption plus planned investment.
e. planned investment minus saving.
d
Economics
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Public utilities are either government-owned or government-regulated firms
a. True b. False
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In 2008, the Fed utilized expansionary monetary policy which was made
a. more effective as banks held more excess reserves. b. less effective as banks held more excess reserves. c. more effective as banks held less excess reserves. d. less effective as banks held less excess reserves.
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