The Only Way in Which Government Can Affect Aggregate Demand

question 33

True/False

The only way in which government can affect aggregate demand is through changes in its own purchases.

Comprehend the concepts of balance of payments, balance of trade, and their components.

Recognize the factors influencing the value of the U.S. dollar and its implications on the economy.

Grasp the significance and rationale behind international currencies and the gold standard system.

Identify the causes and consequences of current account deficits and trade imbalances.