Each of the following is one of the four main categories of spending identified by John Maynard Keynes except
A)consumption.
B)net exports.
C)government purchases.
D)taxes.

Question

Quizplus · Accepted Answer

John Maynard Keynes identified three main categories of spending that drive an economy: consumption, investment (often implicitly included in discussions of his theory), and government purchases. Net exports are also considered a component of aggregate demand in the Keynesian framework. Taxes, however, are not categorized as a form of spending in Keynesian economics; instead, they are a means by which the government finances its spending.

Each of the Following Is One of the Four Main