Please Only answer no need explanation and both 2 please please. Question 33Which of the following statements is TRUE regarding the Aggregate Expenditure model?The expenditure which is independent of income and real GDP is referred to as autonomous.expenditure.The expenditure which does not change as income and real GDP changes is referred to asinduced expenditure.Consumption and import expenditure is deemed to be autonomous expenditures.The expenditure which changes as income and real GDP changes is referred to asautonomous expenditureInvestment, government and export expenditure are deemed to be induced expenditures. Question 34Which of the following statements is INCORRECT?The Bank of Canada is governed under Canadian Bank Act.The Bank of Canada's largest liability is Bank notes in circulation.O The Bank of Canada acts as a lender of last resort to chartered banks.The Bank of Canada Act places responsibility for the conduct of monetary policy on the BanGoverning Council.The top person at the Bank of Canada is referred to as the Governor.

Answer 33. Aggregate Expenditure Model is referred to as a model which relates to the components of…

Answered: Which of the following statements is…

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Economics

Which of the following statements is TRUE regarding the Aggregate Expenditure model?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 4.9P

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