Consumption expenditures
A) Account for over two-thirds of total spending.
B) Include purchases of new and used goods by consumers.
C) Are equal to disposable personal income plus personal saving.
D) Are equal to consumer spending plus transfer payments.
Correct Answer:
Verified
Q2: The combination of price level and real
Q3: If,in the aggregate,consumers spend 75 cents of
Q4: Aggregate demand is the total quantity of
Q5: Suppose the MPC in an economy is
Q6: If the MPC is 0.8 and the
Q8: If consumption is $340 and saving is
Q9: The MPC + MPS must always equal
A)The
Q10: If the MPC is 0.60 and disposable
Q11: When the APC is greater than 1,the
Q12: The components of aggregate demand are
A)Consumption,government spending,net
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