14. Which of the following components of the circular flow of income is not normally assumed to be exogenous? (3 marks)

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14 Which Of The Following Components Of The Circular Flow Of Income Is Not Normally Assumed To Be Exogenous 3 Marks 1 (49.4 KiB) Viewed 61 times

14. Which of the following components of the circular flow of income is not normally assumed to be exogenous? (3 marks) (a) Government spending. (b) Consumption of domestically produced goods. (c) Exports (d) Investment. 15. An increase in the price of imported oil, ceteris paribus, would lead to: (3 marks) (a) A demand-pull inflation and a rightward shift of the aggregate demand. (b) A cost-push inflation and a rightward shift of the aggregate supply. (c) A demand-pull inflation and a leftward shift of the aggregate demand. (d) A cost-push inflation and a leftward shift of the aggregate supply.