Which of the Following Variables Is Fixed in the Aggregate

question 33

Multiple Choice

Which of the following variables is fixed in the aggregate expenditure model?

• A)consumption
• B)output
• C)price level
• D)investment
• E)real GDP

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Definitions:

Boxing Match

A competitive fighting sport between two individuals, typically using gloves and following specific rules to decide a winner through rounds.

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the level of satisfaction they provide.

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.

Flood

A flood is an overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or dam failure, leading to potential damage and loss.