Which of the following statements is false?
A) Government spending is an injection into the circular flow.
B) Taxes are withdrawals from the circular flow.
C) Government spending and taxes are withdrawals from the circular flow, while consumption and . investments are injections into the circular flow.
D) Transfer payments are injections into the circular flow.
Correct Answer:
Verified
Q1: Recent data show that government expenditures in
Q2: In 2006, the total revenues in Canada:
A)
Q4: Government activity affects aggregate demand by:
A) their
Q5: Which of the following is false?
A) AE=C+I+G+X-Z.
B)
Q6: If the MPC is 0.8 out of
Q7: When government spending increases and taxes do
Q8: An equilibrium income in an open economy
Q9: Other things remaining the same, an increase
Q10: If income tax rate increases:
A) disposable income
Q11: Other things constant, if the government imposes
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