The Government Purchases Component of Aggregate Demand Includes

question 19

Multiple Choice

The government purchases component of aggregate demand includes
I. all purchases by government agencies of goods and services produced by firms.
II. direct production by government agencies themselves.
III. government expenditures on transfer payments.

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

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