Author Question: In the Keynesian aggregate expenditures model, aggregate expenditures refer to: a. the amount of ... (Read 107 times)

@Brianna17 · **on:** Jun 30, 2018

In the Keynesian aggregate expenditures model, aggregate expenditures refer to:
a. the amount of GDP that could be produced if unemployment were zero.
b. the combined expenditures of consumers, businesses, governments, and foreigners (net exports).
c. the amount of demand for consumer goods that would arise if all citizens had all the income they wanted.
d. consumer spending measured in constant prices.

Question 2

In order for barter to occur, traders must have a:
a. unit of account.
b. coincidence of wants.
c. medium of exchange.
d. central banking facility.