The sum of personal consumption expenditure, investment expenditure, government expenditure, and net export expenditure on the total amount of real output in the economy in a given period of time is called:

A) potential GDP.
B) aggregate expenditure.
C) real money balances.
D) none of the above.

B

Economics

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The major cause of a 3-4% increase in unemployment over a short time period is likely to be a structural unemployment change

Indicate whether the statement is true or false

Economics

Which of the following is investment, according to an economist?

A. The purchase of a new family car. B. A collection of rare coins. C. The purchase of U.S. savings bonds. D. An increase in business inventories.

Economics