The government purchases component of aggregate demand includes
I. all purchases by government agencies of goods and services produced by firms.
II. direct production by government agencies themselves.
III. government expenditures on transfer payments.
A) I only
B) I and II only
C) I and III only
D) I, II, and III
Correct Answer:
Verified
Q2: The government has a balanced budget if
A)
Q6: All of the following are examples of
Q7: Which of the following statements is true
Q7: Government tax and expenditure policies that affect
Q8: Which of the following statements characterizes government
Q11: State and local tax receipts are dominated
Q12: The government has a budget surplus if
A)
Q13: The bulk of transfer payment spending in
Q16: Payments to households that do not require
Q182: The government has a budget deficit if:
A)its
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