1)When graphing aggregate expenditure against output, the aggregate expenditure curve slopes _____. When graphing aggregate expenditure against the interest rate, the aggregate expenditure curve slopes _____.

a.Down; down.

b.Up; up.

c.Up; down.

d.Down; down.

2)Canada's central bank performs all of the following functions except...

a.Lender of last resort.

b.Provider of banking services to high-wealth individuals.

c.Banker to the federal government.

d.Issuer of bank notes.

3)If we let represent autonomous expenditure and represent the induced expenditure from an extra dollar of income, then...

a.AE = - Y

b.AE = + Y

c.AE = + Y

d.AE = - Y