In the Simplest Macroeconomic Model,with a Closed Economy and No

question 86

Multiple Choice

In the simplest macroeconomic model,with a closed economy and no government,the aggregate expenditure (AE) function is the sum of

• A)saving and desired investment.
• B)consumption and disposable income.
• C)desired consumption and desired investment.
• D)consumption and saving.
• E)actual consumption and actual investment.

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Definitions:

Strata

Layers or levels within a larger population that are distinguished by one or more characteristics, used in stratified sampling to improve the accuracy of the sample by ensuring it reflects the population's composition.

Subpopulations

Distinct groups within a larger population, distinguished by specific characteristics such as geography, interests, behaviour, or demographic traits.

Sampling Distribution

The probability distribution of a statistic based on a large number of samples or replications from a population.

Standard Deviation

A measure of the dispersion or variability of a set of data points in relation to its mean, indicating how spread out the data points are.