Multiple Choice
As a component of aggregate demand, government spending
A) includes government purchases of goods and services, transfers, and interest on the national debt.
B) is the largest component.
C) is the most volatile component of aggregate demand.
D) includes only government purchases of goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In the AD/AS framework, an unexpected increase
Q4: Which of the following is likely to
Q5: In the short run, if aggregate demand
Q6: Which of the following phrases best describes
Q7: Net exports are _ related to the
Q9: In the short run, if aggregate demand
Q10: Starting from long-run equilibrium, an increase in
Q11: The vertical curve through the natural rate
Q12: A short-run equilibrium of the economy<br>A)stabilizes price
Q13: Transfers are excluded from aggregate demand because