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Author Question: In a closed economy without the government, income equals: A) aggregate savings plus aggregate ... (Read 35 times)

AEWBW

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on: Jun 30, 2018
In a closed economy without the government, income equals:
 
  A) aggregate savings plus aggregate investment. B) aggregate consumption.
  C) aggregate savings. D) aggregate savings plus aggregate consumption.

Question 2

By definition, a direct expenditure offset will occur whenever
 
  A) the interest rate falls.
  B) the interest rate rises.
  C) the government increases spending in an area that competes with the private sector.
  D) the government increases spending for the military.


kjo;oj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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