The Four Major Components of Aggregate Demand Are Consumption, Investment

question 45

True/False

The four major components of aggregate demand are consumption, investment, government purchases of goods and services, and net exports.

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Definitions:

Pie Graph

A circular chart divided into sectors, each representing a proportion of the whole.

Vertical Axis

In various contexts, this term can refer to the up-and-down direction in a coordinate system, or metaphorically, to hierarchical levels within organizations.

Line Graph

A type of chart used to display information as a series of data points connected by straight line segments.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.