Question
Could Someone Please Provide The Answers To The Following Questions. Thanks In Advance. If interest rates increase, then current consumption will ( Decrease / Increase
Could Someone Please Provide The Answers To The Following Questions. Thanks In Advance.
- If interest rates increase, then current consumption will ( Decrease / Increase / Not Change ). If consumer wealth increases, then current consumption will ( Decrease / Increase / Not Change ).
- What happens to the level of net exports in an economy when income in that economy increases? What happens to the level of net exports in an economy when income in other economies increases?
A. An increase in a country's income will increase its net exports and an increase in foreign income will increase the country's net exports.
B. An increase in a country's income will increase its net exports and an increase in foreign income will decrease the country's net exports.
C. An increase in a country's income will decrease its net exports and an increase in foreign income will decrease the country's net exports.
D. An increase in a country's income will decrease its net exports and an increase in foreign income will increase the country's net exports.
3. Which components of aggregate expenditure do not directly depend on current income?
Instructions:You may select more than one answer.
A. Consumption
B. Net Exports
C. Government Spending
D. Investment
4. The largest component of aggregate expenditure is:
A. Government Spending
B. Net Exports
C. Investment
D. Consumption
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started