Chapter 9 The most important determination of a household’s consumption spending is a) its disposabl

Chapter 9

The most important determination of a household’s consumption spending is

a) its disposable income

b) its total wealth

c) the number of prsons in the household

d) its net wealth

e) the ratio of wage to nonwage income the household earn

Chapter 10

1 Consumption plus saving equals disposable income at every level of real GDP demanded

a True B False

2 Aggregate expenditure means total or combined spending

a True B False

Chapter 12

1 Discretionary fiscal policy works by shifting the short run-aggregate supply curve

A True B False

2 Explain Fiscal policy

3 Fiscal policy is concerned with

a government spending and taxation only

b government spending and money only

c money and taxation only

d government spending, taxation, and money

Chapter 9

The most important determination of a household’s consumption spending is

a) its disposable income

b) its total wealth

c) the number of prsons in the household

d) its net wealth

e) the ratio of wage to nonwage income the household earn

Chapter 10

1 Consumption plus saving equals disposable income at every level of real GDP demanded

a True B False

2 Aggregate expenditure means total or combined spending

a True B False

Chapter 12

1 Discretionary fiscal policy works by shifting the short run-aggregate supply curve

A True B False

2 Explain Fiscal policy

3 Fiscal policy is concerned with

a government spending and taxation only

b government spending and money only

c money and taxation only

d government spending, taxation, and money

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