The largest component of aggregate demand in Australia is:
A) net exports
B) household consumption
C) government expenditure
D) private investment
Correct Answer:
Verified
Q16: An inflationary gap occurs when:
A) when prices
Q17: A man is sacked from his job
Q18: The accelerator theory states that business cycle
Q19: An output gap where equilibrium GDP is
Q20: A woman who retired becomes bored with
Q22: The increase in unemployment that occurs during
Q23: The net export component of aggregate demand
Q24: The multiplier effect refers to:
A) the total
Q25: If the MPW increases, the multiplier will:
A)
Q26: The portion of unemployment that is due
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