Author Question: When government spending is added to consumption and planned investment, the slope of the aggregate ... (Read 116 times)

serike · **on:** Jun 30, 2018

When government spending is added to consumption and planned investment, the slope of the aggregate expenditure function increases.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following statements is true?
a. The opportunity cost of a decision is equal to the explicit cost in monetary terms.
b. The opportunity cost of a decision is the value of the best foregone alternative.
c. Some economic decisions have zero opportunity cost.
d. The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.