Multiple Choice
The four components of total spending are
A) consumption spending, savings, government purchases, net exports.
B) consumption spending, investment spending, government purchases, gross exports.
C) consumption spending, investment spending, tax revenue, net exports.
D) consumption spending, investment spending, government purchases, net exports.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Other determinants of consumption spending include each
Q39: In the model developed in the text,
Q40: In the model developed in the text,
Q41: In the United States, local, state, and
Q42: Household disposable income<br>A) is equal to the
Q44: The flexible-price assumption means most importantly<br>A) that
Q45: A typical firm's profit is found by
Q46: The marginal propensity to consume (MPC, C<sub>y</sub>)<br>A)
Q47: Fluctuations in economy-wide investment spending have two
Q48: One's transitory income is<br>A) the average level