Which of the Following Is Not Included in Aggregate Demand

question 184

Multiple Choice

Which of the following is not included in aggregate demand?

• A)purchases of stock and bonds
• B)purchases of services such as visits to the doctor
• C)purchases of capital goods such as equipment in a factory
• D)purchases by foreigners of consumer goods produced in the United States

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Definitions:

Absolute Liability

A legal principle where a party is held responsible for damages or loss, irrespective of intent or negligence.

Bailee

An individual or entity who temporarily holds property on behalf of another under a bailment agreement.

Skilled Shopkeeper

An individual who possesses specific expertise and skills in managing and operating a retail store.

Act of God

An Act of God refers to a natural event outside of human control, such as a flood, earthquake, or hurricane, that is unexpected and unavoidable, often used as a legal defense in contracts.