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B. 10 billion dollars C. 3 billion dollars D. 0.7 billion dollars 17. The macro level of the economy is about the aggregate level, and it includes behavioral variables such as consumption and investment and non-behavioral variables such as inflation and money supply. A. True B. False 18. Macroeconomic equation formulate the aggregate demand function or AD, which contains the total demand in the economy for goods and services, for goods and services, for households, the state, investors, and consumers in other countries. A. True B. False 19. If GDP in 2000 was 250 billion dollars and in 2005 was 300 billion dollars, how much economic growth over this five-year was. A. 20% B. 4% C. 5% 20. If GDP in 2000 was 250 billion dollars and in 2005 was 300 billion dollars, how much average per year economic growth was? A. 25% . 4% C. 6% 2 1. The aggregate consumption function at a macro level for all consumers together, C=C*+CY. A. True B. False 22. Social economists Albert Harshman indicated that the social contract between state firm and households has three forms: Exit, Voice and Loyalty. A. True B. False 23 In Post Keynesian economics, aggregate demand AD has a key role. When the amount is low, the economy functions at low capacity utilization. As a consequence, resources remain unemployed, such as labor, which results in unemployment. A. True B. False 2 4. In Post Keynesian economics, a positive feedback is that more employment leads to more aggregate income, and hence more consumer spending, which in turn expands production and employment further