In an Economy Without a Government and Without International Transactions,aggregate

question 52

Multiple Choice

In an economy without a government and without international transactions,aggregate expenditure at each level of income is equal to:

• A)consumption plus saving.
• B)planned investment plus saving.
• C)disposable income plus the price level.
• D)consumption plus planned investment.
• E)planned investment minus saving.

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Definitions:

Optically Active

Refers to substances capable of rotating the plane of polarized light due to the presence of chiral molecules.

Bromine Water

An aqueous solution of bromine used as a reagent to test for the presence of unsaturation in organic compounds.

Aldaric Acid

A type of sugar acid resulting from the oxidation of both the aldehyde and primary alcohol groups of an aldose.

Optically Active

A property of compounds that have the ability to rotate plane-polarized light, indicating the presence of chiral molecules.