Author Question: The aggregate expenditure (AE) curve A) includes expenditures by domestic residents only. B) ... (Read 47 times)

tnt_battle · **on:** Jun 29, 2018

The aggregate expenditure (AE) curve

A) includes expenditures by domestic residents only.
B) does not include expenditures on either imports or exports.
C) includes expenditures on foreign as well as domestic goods.
D) includes all expenditures on domestic goods.
E) adds expenditures on imports because they are consumed in the nation and subtracts expenditures on exports because they are consumed abroad.

Question 2

A key reason why some nations show little or no growth is

A) overpopulation that overuses limited resources.
B) too much private property not directed by the government.
C) too much international trade so that all economic growth spills over to foreigners.
D) patents in rich nations that keep technology only for the rich.
E) lack of incentives to undertake actions toward growth.