Multiple Choice
In an economy with no government and no international trade, consumption expenditures will be less than the total value of goods and services when
A) investment is zero.
B) saving is zero.
C) people save some of their income.
D) people barter rather than use money in making exchanges.
Correct Answer:

Verified
Correct Answer:
Verified
Q250: According to classical economists, when aggregate demand
Q251: The short-run aggregate supply curve in modern
Q252: If the U.S. dollar becomes stronger in
Q253: In the classical model, an increase in
Q254: Along a short-run aggregate supply curve, which
Q256: According to the classical model<br>A) long-term unemployment
Q257: Saving is NOT a problem in the
Q258: In the short run, real GDP can
Q259: The approach to understanding the determination of
Q260: Suppose an economy originally in long-run equilibrium