1 According to Keynes, what is the most important determinant of households' spending on goods and services? a. The price level. b. The interest rate. c. Autonomous consumption. d. Disposable income. Q.2 Which of the following would not affect the size of real GDP? A. Consumer purchase of a new car for personal use. B. Government purchase of a new car for the military. C. Business purchase of a new car for a delivery vehicle. D. Consumer purchase of a rare renaissance painting. E. Consumer purchase of a haircut 3. Gross domestic product (GDP) A. is the sum of all exchanges of goods and services during a period. B. includes financial transactions such as the purchase of stocks or bonds traded during a period. C. includes the purchases of goods at intermediate stages of production. D. is the sum of the total spending on all final-user goods and services produced domestically during a period. E. includes all goods and services exchanged during a period. 4. Which one of the following is false? A) Y = C I G M - X B) Y - C - I - G - X M = 0 C) X - M = Y