Which of the Following Quotations Illustrates a Decrease in Aggregate

question 60

Multiple Choice

Which of the following quotations illustrates a decrease in aggregate expenditure?

• A)"Higher expected profits are leading to higher investment spending by business, and will lead to higher consumer spending."
• B)"The new stadium will generate $200 million in spin off spending."
• C)"The projected cuts in government jobs will hurt the local retail industry."
• D)"Taking the grain elevator out of our small town will destroy 300 jobs."
• E)Both C and D

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Definitions:

Dimensional-Analysis

A method in physics and engineering to check the consistency of equations and to perform unit conversions.

Conversion Factor

A numerical value used to convert quantities expressed in one unit into another unit of measure.

Minutes

A unit of time equal to one sixtieth of an hour, or 60 seconds.