The Spending Allocation Model Is Designed to Explain

question 26

Multiple Choice

The spending allocation model is designed to explain

• A)short-run (monthly) movements in the economy.
• B)movements in the CPI.
• C)movements in the GDP deflator.
• D)long-run (a period of years) movements in the economy.
• E)why the production possibilities frontier is not a relevant concept in macroeconomics.

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