Question
Urgent please help Thank you. There are TEN (10) questions in this section. Answer ALL questions and provide reasons to support your answer. 1. A
Urgent please help Thank you.
There are TEN (10) questions in this section. Answer ALL questions and provide reasons to support your answer.
1. A change in the interest rate creates a movement along the consumption function.
(3 marks)
Answer:
Reason:
2. The autonomous components of aggregate expenditures are consumption, savings, and investment. (3 marks)
Answer:
Reason:
3. Components of induced aggregate expenditure include government expenditure, investment and consumption expenditure. (3 marks)
Answer:
Reason:
4. Corporate income taxes are the largest source of revenue for the federal government.
(3 marks)
Answer:
Reason:
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