Aggregate Expenditure

1. The materials related to the aggregate expenditure model are in Appendix B.

Group of answer choices

True

False

2.Real GDP appears on the horizontal axis of the aggregated expenditure diagram and aggregate expenditure appears on the vertical axis.

Group of answer choices

True

False

3.The consumption function is upward sloping, but the investment function is horizontal.

Group of answer choices

True

False

4.The model in this section is named for British economist John Maynard Keynes.

Group of answer choices

True

False

5. What question about macroeconomic policy would you like to be able to answer when you module? Please make sure to formulate a question. No points will be earned if it is not a question.