Author Question: Personal consumption expenditures is the smallest component of total spending. a. True b. False ... (Read 111 times)

Pineapplelove6 · **on:** Jun 30, 2018

Personal consumption expenditures is the smallest component of total spending.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:
a. not alter the economy's full-employment real GDP.
b. increase the economy's full-employment real GDP.
c. reduce the quantity of goods and services purchasers will demand.
d. improve the overall efficiency of resource use.