In the Keynesian Aggregate Expenditures Model, "Aggregate Expenditures" Refer To

question 72

Multiple Choice

In the Keynesian aggregate expenditures model, "aggregate expenditures" refer to:

• A) the amount of GDP that could be produced if unemployment were zero.
• B) the combined expenditures of consumers, businesses, governments, and foreigners (net exports).
• C) the amount of demand for consumer goods that would arise if all citizens had all the income they wanted.
• D) consumer spending measured in constant prices.

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Definitions:

Bandura's Concept

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Sullivan's Needs

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Skinner's Radical

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