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Author Question: The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is ... (Read 68 times)

Lobcity

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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.


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14vl19

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

b

Answer to Question 2

b


Lobcity

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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