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Aggregate Demand and the Powerful Consumer Flashcards | StudBud
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Aggregate Demand and the Powerful Consumer
Aggregate Demand and the Powerful Consumer
10 terms
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StudBud Administration
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21 plays
#Macroeconomics
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
How do domestic product, total expenditure, and national income interact?
Square
Rectangular
Triangular
Circular
2
National income excludes government transfer payments
False
True
3
The relationship between total consumer expenditures & total disposable income in the economy
Consumption function
Conjunction junction
Arithmetic function
None of the above
4
Interest rates have negligible effects on consumption decisions
False
True
5
•
Aggregate demand is the sum of C + I + G + (X-IM)
C + I + G + (SIRIUS XM)
C + I + G + (X-IM)
C + I + G + (EMC)
C + I + G + H
6
Aggregate supply is also known as total output
False
True
7
Business investment is influenced by
Interest rates,
All the above
technical change
Tax provisions
8
MPC is the acronym
All of the above
Marginal propensity to consume
Marginal propensity to care
Mileage per car
9
Disposable income (DI) is
After all taxes are deducted&all transfer payments are added
How much consumers have available to spend and save
All the above
Sum of the incomes of all individuals in the economy
10
When aggregate demand grows briskly, the economy declines
False
True
