Author Question: The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is ... (Read 70 times)

Lobcity · **on:** Jun 30, 2018

The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is called:
a. autonomous spending.
b. aggregate expenditures.
c. Keynesian income
d. wealth.

Question 2

Which of the following provides the best explanation of why money is valuable?
a. Money is valuable because it is indivisible.
b. Money is valuable because it is scarce.
c. Money is valuable because it is backed by precious metals, primarily gold and silver.
d. Money is valuable because it has intrinsic value, independent of its use as a means of exchange.