Which of the Following Statements Is False

question 83

Multiple Choice

Which of the following statements is false?

• A) Aggregate demand is a specific dollar amount,such as $400 billion.
• B) At a given price level,anything that changes total expenditures changes aggregate demand.
• C) Total expenditures rises if consumption rises,ceteris paribus.
• D) Total expenditures rises if investment spending rises,ceteris paribus.

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Definitions:

Administrative Agency

A government body empowered to implement particular legislation, manage public policy, and regulate certain activities within its jurisdiction.

Department of Homeland Security

A cabinet department of the U.S. government charged with protecting the United States from terrorist attacks and responding to natural disasters.

Cabinet-Level Department

A major administrative unit in the executive branch of the government, typically headed by a Secretary, that deals with broad areas of national policy.

Enabling Legislation

Laws that provide the necessary authority for an entity or agency to carry out its powers and duties.