A. Public borrowing
B. The private sector
C. time and motion studies
D. foreign labour
A. reduce poverty
B. reduce unemployment
C. weaken the power of trade unions
D. help small businesses
A. initially increase and then decrease
B. decrease continuously
C. rise continuously
D. initially decrease and then increase
A. aggregate supply will increase , aggregate demand will decrease
B. aggregate supply will increase, aggregate output will increase and the price level will decrease
C. aggregate supply will increase aggregate output will increase and the price level will increase
D. both aggregate supply and demand will increase and the price level will increase
A. supply side economists
B. neo-Keynesian economists
C. rational -expectations economists
D. New classical economists
A. the level of national income
B. the level of aggregate demand
C. the rate of change of national income
D. expectations
A. an increase in income and an increase in overall saving
B. a decrease in income and an overall decrease in saving
C. a decrease in income but an increase in saving
D. an increase in income but no overall change in saving
A. 1/MPS
B. 1/(1+ MPC)
C. 1 – MPC
D. 1/MPC
A. 5
B. 8
C. 2
D. 1.25
A. aggregate output equals consumption minus investment
B. saving equals consumption
C. Planned aggregate expenditure equals aggregate output
D. planned aggregate expenditure equals consumption